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Who Gets The Raises
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Who Gets the Raises
The labor shortage may be driving entrepreneurs crazy, but it hasn't driven up wages for their workers. About 40% of small-company employees got a goose egg for a raise last year. On the other hand, small companies were twice as likely as bigger ones to pass out huge hikes to a select few, says Fortune Personnel Consultants.
Big companies often have to boost pay because of long-term employment contracts, says Fortune Personnel Consultants' Ron Herzog. Small companies have more flexibility in deciding whether to play Santa or Scrooge.Edited by Kimberly WeisulReturn to top
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