Unless you’re teetering on the edge of bankruptcy, it’s good advice to reward team members for their good work—even in a downturn. More than 3,000 hiring managers surveyed in a recent CareerBuilder.com survey agree: Take a peek at the chart above.
Forty-three percent of the 56 percent in the chart said raises will be 3 percent or more. The other 13 percent said salary hikes will be 5 percent or more. Some new employees will get a boost, too: 33 percent of hiring managers expect to increase salaries on initial job offers.
Harris Interactive conducted the survey of 3,259 hiring managers and human resource professionals in private companies.