New normal for pay raises takes hold as companies budget for 2025
By Andy Medici Companies are dialing back pay raises in 2025, an expected outcome of a continually cooling labor market. That means workers should expect, on average, 3.5% pay increases in 2025 compared to the average 3.6% seen so far in 2024, according to the latest Payscale Salary Budget survey. Those are both down from the 4% average pay […]