After Years of 3% Increases, Where Have All the Good Raises Gone?
TLNT: The Business of HR
JUNE 25, 2015
Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. Aon Hewitt did not even start tracking short-term rewards and bonuses — known as variable compensation — until 1988, when they accounted for an average of 3.9 Employees don’t get a lot from 3% raises. Give all employees annually an across the board Cost-of-Living Adjustment (COLA ) of approximately 2 percent.