Majority of CFOs Polled Don’t Expect to Increase Raises and Bonuses
MENLO PARK, Calif. (Robert Half International) — The majority of the nation?s employees are not expected to receive higher raises and bonuses in 2006 than they did in 2005, a new survey finds. Less than one-third (29 percent) of chief financial officers (CFOs) polled said they will give bigger salary increases in the coming year and just 20 percent anticipate boosting bonus amounts.
Question: ?For 2006, do you anticipate offering higher raises than in 2005??
Yes: 29%
No: 64%
Don?t know/no answer: 7%
Question: ?For 2006, do you anticipate offering higher bonuses than in 2005??
Yes: 20%
No: 67%
Don?t offer bonuses: 7%
Don?t know/no answer: 6%
CFOs who said they expected to increase raises and bonuses in 2006 were asked by what percentage these forms of compensation would rise. The mean responses were 5 percent for raises and 7 percent for bonuses. Rising healthcare and energy costs were blamed for the thriftiness.