Speaking during the recent conference Eddie Adkins said that the new normal for salary increases is 3 percent.
Speaking during the recent conference, Eddie Adkins, a partner in Grant Thornton, said that the new normal for salary increases, at both management and non-management levels, is 3 percent. What is also becoming normal is variable compensation; hereby employees are rewarded, sometimes throughout the year and sometimes at the end, for performance above certain expectations.
» To read about other best practices in outcome-oriented annual incentives
As seen in the October 2014 issue of LeadTime.
For further information, please contact:
Todd Wilson
Strategic Communications Director
p – 516.237.8634
e – twilson@adelphi.edu