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After Years of 3% Increases, Where Have All the Good Raises Gone?

TLNT: The Business of HR

Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. percent in 2001, from a high of 10 percent in 1981. The share of payroll budgets devoted to straight salary increases sank to a low of 1.8 percent in the depths of the recession.

AON 40
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15 Best HCM Software in 2024 (Based on Four Research Parameters)

Vantage Circle

This eliminates the need to manage multiple vendors and streamlines your HR processes. Ultipro became UKG Pro, their feature-rich HRMS, packing features like performance and time & attendance management. The platform brings over 70 years of experience with People tech into the HCM space.