Maxioms by Ken Abosch
We may never see base salary increases in the mid-to-upper 4 percent range again.
We may never see base salary increases in the mid-to-upper 4 percent range again.
The good news is that after seeing very significant reduced spending overall, companies are projecting a slight recovery for 2003.
The good news is that after seeing very significant reduced spending overall, companies are projecting a slight recovery for 2003.
They're seeing that as a way to reduce their costs in some places. Some might think employers are taking a read more
They're seeing that as a way to reduce their costs in some places. Some might think employers are taking a Scrooge mentality, but they're putting it into a different form.
The fact we saw 10 percent of organizations freezing salaries was astronomical. It was a really unusual year.
The fact we saw 10 percent of organizations freezing salaries was astronomical. It was a really unusual year.
Most employees view base salary as a barometer of their worth, so thinking about a steady decrease in the amount read more
Most employees view base salary as a barometer of their worth, so thinking about a steady decrease in the amount of money being provided to them has had a psychological impact. That's why organizations looked to variable pay as a way to counteract that -- until recently.
