Slightly larger pay boosts, bonuses in employers’ 2019 budgets
As employers struggle to retain talent, top-performing employees saw the biggest raises this year.
Next year U.S. employers intend to reward their non-management exempt employees with average pay increases of 3.1 percent in 2019; this year they handed out pay raises of 3.0 percent.
tight job market means that employers are willing to part with “slightly larger” pay raises and “modestly larger” discretionary bonuses when the calendar ticks over.
That’s according to a new survey by
Willis Towers Watson, which also found that in their quest to hang on to top-performing employees, bosses also gave those workers the biggest raises this year.
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