One in three U.S. companies are lowering their projected salary increases for 2021 amid concern over weaker financial results and budgetary restraints in the wake of the pandemic, according to a new survey by leading global advisory, broking and solutions company, Willis Towers Watson. Despite these concerns, two-thirds of employers say they expect to fund… Continue reading One in Three U.S. Employers Trim Projected Pay Raises for 2021: WTW Survey
Tag: employee bonuses
WTW: Most U.S. Employers Planning Raises, Bonuses for 2021
Most U.S. companies are planning to give employees pay raises and annual bonuses next year despite the economic fallout from the pandemic. Raises are projected to rebound from this year’s smaller-than-projected increases, even in industries that are struggling during the pandemic. These are among the findings in a survey by Willis Towers Watson, a leading… Continue reading WTW: Most U.S. Employers Planning Raises, Bonuses for 2021
Buoyed by the Largest Projected Bonuses in Four Decades, Employees Should See Pay Climb in 2020
Salaries are projected to rise in 2020, and U.S. employees should also expect to bring home more in bonuses next year, according to new data released today by Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions. Aon’s 2019 U.S. Salary Increase Survey of 1,216 U.S.… Continue reading Buoyed by the Largest Projected Bonuses in Four Decades, Employees Should See Pay Climb in 2020
U.S. Employers Plan to Hold the Line on Pay Raises in 2020: WTW Survey
U.S. employees hoping for larger pay raises next year may be disappointed. A new survey by leading global advisory, broking and solutions company Willis Towers Watson reports U.S. employers plan to hold the line on budgeted pay raises in 2020, despite low unemployment and a tight labor market. Some employers, however, are projecting modestly larger… Continue reading U.S. Employers Plan to Hold the Line on Pay Raises in 2020: WTW Survey