The Conference Board is predicting that although salary increases will remain at historic lows in 2011, employees at least can expect a modest raise next year—perhaps slightly higher than this year’s 2.5%.
Employees could see that as a small step in the right direction, and it could help organizations retain valued employees as the economy recovers.
A Robert Half International survey of more than 1,400 employees found that more than one-third feel their compensation hasn’t kept pace with the increasing amount of work they’ve taken on because of company cutbacks. And four in 10 admitted they’ll be ready to cut ties with their employers as soon as the job market loosens up and higher-paying jobs start opening at other companies.
That resolve is most acute among the youngest members of the workforce: More than a third of Generation Y employees plan to look for new jobs, while 30% of baby boomers and 24% of Gen X’ers are plannin...(register to read more)