Wednesday 12 December 2018
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todayonline - 3 month ago

Your pay is probably going down next year

NEW YORK — Despite the improving economy, companies have stubbornly withheld salary increases over the past few years, opting to fatten the bonus pool instead. Now, they re taking those bonuses away, according to a new survey. Instead, employers are ever-so-slightly increasing salaries, but not enough to make up for the loss. Companies allocated 3 per cent of their budgets to raises—a high since the recession—and they plan on allocating 3.1 per cent of their budget to salary next year. (This finding falls

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