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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.
Pay budgets already jumped 4.2% this year, according to the WTW findings, with more than two-thirds of companies spending “more than they planned on pay adjustments in 2022.” Mid-year salary ...
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 ...
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Yahoo Finance's Ethan Wolff-Mann joins the On the Move panel to discuss the latest in a survey that says most companies plan on giving employees raises and bonuses in 2021.
Democratic Gov. Roy Cooper proposed 8.5% raises for teachers this year in his April state budget proposal, with 5% raises for state employees. Cooper is also asking for bonuses for both teachers ...
The new pay proposal, negotiated last month by Mayor Karen Bass, would award seven cost-of-living increases between April 2024 and July 2028 to workers represented by the Coalition of L.A. City ...
The tight labor market will push 2023 salaries up by their highest percentage in 15 years, according to a new survey from advisory firm Willis Tower Watson, but the extra pay might not do much to...