Big Companies Offering Employees Mid-Year Raises to Cope with Inflation

Social inflation and insurance rates

Many large U.S. corporations are increasing their employees’ pay this summer. To combat inflation and retain workers in what many executives say is still a difficult labor market, some large employers are raising wages or awarding special bonuses. Exxon Mobil Corp. gave US employees a one-time payment equal to 3% of their salaries in June.… Continue reading Big Companies Offering Employees Mid-Year Raises to Cope with Inflation