More Companies are Enhancing Strategies to Retain Key Staff During M&As
Acquiring companies tend to offer retention agreements to more C-suite executives and their direct reports compared with other salaried employees.
WTW
U.S. Employers Expect 4% Payroll Increases in 2024
Though down from the actual increase of 4.4% in 2023, the numbers remain higher than the 3.1% salary increase budget in 2021 and years prior.
CEO Pay Increased by 2.7 Percent in 2022
Additionally, the percentage of CEOs who received a reduction in total pay doubled from 21% in 2021 to 42% in 2022.
U.S. Companies Embrace Automation and Digitization
The number of companies in the U.S. that automate some of their work is expected to climb to 74% in three years, up from 65% this year and 51% three years ago.
Salary Increases to Average 4.6 Percent in 2023
As economic challenges loom large in the U.S., a fifth of organizations (21%) that are changing salary increase budgets have said they will fund increased spending by...