A handful of business leaders that are offering raises in 2024 are doing so for only half of their workforce. Sometimes, it's less. It's a tough reality given workers are facing persisting inflation and the highest borrowing rates in over two decades. According to a recent survey from ResumeBuilder.com, 8% of leaders aren't planning to give raises next year, and another 18% are still undecided. About 74% of business leaders surveyed said they would be offering raises next year.
" Employers should compensate an employee for performance or for a promotion on top of the cost of living adjustment, Haller added. WORKERS NOW DEMANDING NEARLY $80K TO START NEW JOB Jay McDonald, an executive advisor who had 40 years experience as a CEO, is in agreement, saying that the cost-of-living measures are much lower than actual living costs in the current economic environment.