How many of your employees are planning to request a boost?
September 4, 2009 by Jared BilskiPosted in: Benchmarking, Economy, In this week's e-newsletter, Latest news & views, Management issues
Once the market improves, how many of your finance staffers will come knocking to talk about their current take-home?
A recent Robert Half International and CareerBuilder survey found that more than one quarter of employees (28%) plan on asking for a raise as soon as the economy improves.
For their part, most employers plan on doing all they can to keep their top performers from jumping ship.
According to the study, 40% of hiring managers say their company’s primary means of hanging on to valued employees when the economy improves will be through pay raises.
Check out the chart below to see what employees believe is the most effective retention tool.
Besides pay, the two top benefits that participants cited were technology upgrades, followed by tuition reimbursement or subsidized training.
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Tags: CareerBuilder, Raises, Retention, Robert Half International, Salaries
September 8th, 2009 at 12:07 pm
For myself a pay raise will be the most effective. I do not have health insurance through my employer because I am paying extra through my spouses employer for better coverage then is available to me. I am costing the company less, however this is not taken into account when it comes time for raises? Better benefits only benefit certain employees, where as pay raises affect everyone.
November 6th, 2009 at 8:02 am
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