Median pay raise in US falls to 4.1%, WTW reports – Staffing Industry Analysts
Nearly half of US organizations reported their 2024 salary budgets are lower than in 2023.
Nearly half of US organizations reported their 2024 salary budgets are lower than in 2023.
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The decline was unexpected, Bloomberg reported. The median estimate in its survey of economists called for a slight increase.
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The survey by Grant Thornton also found that attracting and retaining talent is a key priority for 58% of CFOs.
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