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Of those who plan to give pay raises, 13% say they’ll increase average compensation by 10% or more, 58% plan an increase between 4% to 9%, and 26% plan for nominal change.
Roughly 20% to 30% of employers provide pay information in the absence of a pay transparency law, and that jumps to about 50% to 60% after the passage of a state or city pay transparency law, she ...
That is lower than the 4.4% average increase they paid out in 2023, which marked a 20-year high for base pay raises. But it is a tick up from the 3.8% bump that companies were paying out this year ...
The Walmart-owned membership retailer announced Tuesday it's increasing pay by 3 to 6% for nearly 100,000 employees, with longer-tenured workers seeing bigger raises, starting Nov. 2. This will ...
Most state employees will receive a 3% raise starting in July. Specifically, those who are employed in a state-funded job position as of June 30 will receive a 3% raise starting July 1, when the ...
"Workers of course prefer a wage raise to a bonus because an increase in wage is permanent, whereas a bonus is transitory," Harris said. "I imagine that Lowe's and other companies who are doing ...
This week, Payscale released the results of its bellwether survey, the 2023 Compensation Best Practices Report. It’s not wonderful news for employees: fewer employers are offering pay raises and ...
The controller’s office has yet to publish a letter with instructions for how to implement raises for the bargaining units represented by the largest union in state civil service, SEIU Local ...