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Those expecting to increase bonus payouts handily outpace those who don’t
U.S. executives are feeling optimistic, with nearly three-quarters of those surveyed expecting their businesses to expand next year. Reflecting this positive mood, 90 percent of executives plan to give year-end bonuses and 36 percent expect to increase bonuses this year compared with 2013, outpacing those who foresee lower bonuses (15 percent), according to a survey by executive recruitment firm Korn Ferry.
“The bottom line for most companies is in top-line growth,” said Nels Olson, co-leader of Korn Ferry’s board and CEO services practice, in a news release announcing the findings. “In this environment, those who are driving sales and revenue are in a much stronger position to secure bigger bonuses and increases.”
From Sept. 17 to Oct. 20, 2014, the firm surveyed 518 executives. The results are as follows:
Are you planning on 2015 salary increases for your staff?
What are your plans for 2014 year-end bonuses for your staff?
In 2014 compared to 2013, did base salaries for your staff increase, decrease or remain at the same levels?
Do you expect your business to expand or contract in 2015?
What “outside factor” would make you most apt to increase hiring in 2015?
Stephen Miller, CEBS, is an online editor/manager for SHRM. Follow him on Twitter @SHRMsmiller.
Related SHRM Articles:
Holiday Reward: Cash or Gifts?, SHRM Online Benefits, December 2014
Variable Pay Spending Spikes to Record High, SHRM Online Benefits, September 2014
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