5 Reasons Why Achievers Is a Top Employee Recognition Solution for Workday Customers

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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. The share of payroll budgets devoted to straight salary increases sank to a low of 1.8 percent of payrolls. 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.

AON 75

Where Have All the Raises Gone?

Compensation Cafe

Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. The share of payroll budgets devoted to straight salary increases sank to a low of 1.8 percent of payrolls. Give all employees annually an across the board Cost-of-Living Adjustment (COLA) of approximately 2%. Compensation Philosophy Incentives/Bonuses Recognition Total Rewards