Search
 

Skimpy Pickens

The Wall Street Journal reported that the consulting firm of Aon Hewitt published the results of a survey that businesses are planning to keep budgets…

By Anthony J. LoPinto | anthonylopinto | Updated on September 19, 2017

Anthony LoPinto

The Wall Street Journal reported that the consulting firm of Aon Hewitt published the results of a survey that businesses are planning to keep budgets for raises relatively flat in 2018, while continuing to devote more payroll dollars to performance-based pay. Despite low unemployment and increased competition for talent, companies are bearish on across-the-board pay raises.  “Organizations are expressing reservations about the years coming and, for the first time since the recession, are signaling doubt or uncertainty about what they think their performance will look like in the coming year,” he said.

Companies are paying to keep their highest performers happy and in place, with an average 12.5% of payroll going to incentive and bonus pay next year, while reducing or eliminating raises for low performers. This did not surprise me.  We have observed that companies are keeping their belts tightened, raising the bar on hiring, demanding more performance, and paying-up only for top performers.  For the rest, it will continue to be skimpy pickens.

Job Listings

TRAMMELL CROW RESIDENTIAL

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.