Unemployment is near record lows, and the number of job openings is near record highs. It would seem to be a recipe for pay raises. Yet, after inflation, the average US salary increase was less than 1% in 2018, and experts forecast the same thing in 2019.
In this Essentials, Korn Ferry highlights the reasons for raises (or lack thereof), what organizations are doing instead, and how employees can make a better case for better pay.
The economy is booming. Wages aren’t. Why leaders need to know the answer to this mystery—fast.
With unemployment at record lows, there’s pressure on firms to get creative with their incentives to find and keep talent.
Why leaders everywhere should take notice of a public employees strike over gender pay gaps in Scotland.
The days of automatically getting moved up every couple of years are gone. Six tactics that can help.
How you ask is even more important than what you ask for.