ResumeBuilder.com Survey Finds Half of Companies May Not Offer Cost-of-Living Raises in 2024
Summary
"Many need to understand that only offering a cost of living adjustment is not a raise and may not even compensate for the loss of workers earning power due to inflation," says Chief Career Advisor Stacie Haller. "A cost of living adjustment should just be a baseline to then compensate an employee for performance and/or promotions." To qualify, all participants were required to work at a company with at least 11 employees and have one of the following job titles: C-level executive, director, president/CEO/chairperson, owner or partner, chief financial officer, or HR manager. Respondents were required to have a household income of at least $75,000 and were screened to ensure they were familiar with the companys 2024 compensation budget. To view the complete report, please visit: https://www.resumebuilder.com/half-of-companies-may-not-give-cost-of-living-raises-in-2024/ ABOUT RESUMEBUILDER.COM ResumeBuilder.com provides templates to help job seekers create professional resumes.