November 20, 2017
With a booming stock market, what should workers expect for raises in 2018? It might be a little surprising to hear but not much more than what they have received over the last seven years. According to the Hay Group that surveyed 450 U.S. companies, employees can expect a 3% median base salary increase in 2018. This 3% raise has been consistent year after year since the end of the recession seven years ago. Employers did indicated they are looking at other areas for additional compensation options with many developing additional incentive programs surrounding key performance areas for rewarding stand-out employees.