Only 7% of companies said they were not planning pay raises for 2021. In 2020, that number was 14%. (Credit: 200dgr/Shutterstock.com)
Some good news: Raises and bonuses are back on the table at most companies for 2021.
According to a new survey from Willis Towers Watson, companies in the United States are projecting average salary increases of 2.8% for all employees in the coming year. That number includes exempt, nonmanagement and management employees. The average salary increase for nonexempt salaried and hourly employees is projected to be 2.7%. Executives are also in line for a 2.7% increase.
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Richard Binder
Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.
