New Math: Smaller Revenues = Smaller Pay Raises
- Topics:
- Payroll
- Tags:
- Business Operations,
- Revenue,
- Recruitment & Selection,
- Human Resources,
- Hiring,
- Employee,
- Corporate Law,
- Corporate Governance,
- CFO Publishing Corp.,
- Workforce Management
- Source:
- CFO Publishing
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Overview: The article states about: Employee pay hikes drop to lowest level in nearly a decade; employees not thrilled. Elsewhere: HMO rates to jump 16 percent next year; employers not thrilled. Plus: Naptime at the office? -- These days, most employees are just happy to have a job. What probably won't make them quite as happy: they are not likely to get much of a raise during the next few years. According to a comprehensive study released by The Conference Board, average salary increases in many key industries dropped below 4 percent for some major employee groups for the first time in nearly a decade. A statement of expert is given is “It should also be noted that a number of companies have taken actions which have the effect of reducing company salary expenditures but are not reflected in the size of the budget". These include actions like, delayed pay increases, hiring freezes, and layoffs.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Jun 2002 | Pages: 2
