MetLife Inc. is raising its U.S. minimum wage to $20 an hour from $15, as the nation’s biggest life insurer joins the roster of firms boosting worker pay amid labor shortages. The New York-based company said the pay bump follows a $10 million investment to enhance training and “career path development” for employees. MetLife’s last… Continue reading MetLife Raises Minimum Wage for U.S. Employees to $20 an Hour
Tag: employee pay raises
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