For all companies bemoan the tight labor market, they're stopping short of a reliable reward for stalwart employees: a generous raise. A recent PayScale survey of over 7,000 employers found that 70 percent of companies are sticking with increases of 3 percent or less.
“It can be disappointing to feel like you're constantly getting a 2 or 3 percent bump that barely feels like it's keeping pace with inflation,” said Lydia Frank, the VP of Content at PayScale. “Especially when we're in a robust economy and talent market.”
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.