Good news: Businesses that are doing well appear to be sharing the wealth. That's one of the ways to interpret a study on compensation practices by PayScale.
The survey of 7,700 business executives, HR managers and other corporate leaders involved in setting compensation finds that more than a third of companies gave at least some workers salary increases of more than 10% in 2016. Another 11% say they gave increases greater than 5%.
While that finding suggests that most companies did not approve major pay raises, the survey finds that top-performing companies were far more likely to have boosted compensation for employees. That makes sense; companies that made money had more to distribute to their workforce.
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