It's hard enough to get a decent raise these days. Now, even the prize employers turned to instead is in danger—largely, they say, thanks to President Donald Trump, Congress, and hurricanes.
The one bright spot in compensation in recent years has been the rise of the bonus. But this year, for the first time in seven years, employer spending on bonuses declined, slipping a tenth of a percentage point to 12.7% of total compensation, Aon Hewitt found in its annual survey of over 1,000 employers. “It's not a dramatic change, but it is counterintuitive,” said Ken Abosch, who heads compensation at Aon Hewitt.
“What's even more surprising and alarming is that organizations are pulling back their projected spending in 2018,” he added. Companies expect to spend 12.5% of total compensation on bonuses next year, the survey found.
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