09/20/2017

You Are Probably Not Getting a Raise Next Year

A survey shows companies plan to keep budgets relatively flat in 2018

Unless you are one of the highest performers at the office, don’t expect next year’s paycheck to grow much.

Businesses are planning to keep budgets for raises relatively flat in 2018, while continuing to devote more payroll dollars to performance-based pay, according to a survey of salary planning at 1,062 organizations conducted by consulting firm AonHewitt.

Despite low unemployment and increased competition for talent, companies are bearish on across-the-board pay raises, said Ken Abosch, an Aon Hewitt executive who works on the annual survey, now in its 41st year.

Please click here to read the complete article from The Wall Street Journal.