U.S. employers are planning an overall average salary increase of 4.0% for 2024. That’s according to the latest Salary Budget Planning Survey by WTW, a leading global advisory, broking and solutions company.
Tag: salary increases
Big Companies Offering Employees Mid-Year Raises to Cope with Inflation
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