U.S. employees in line for slightly larger pay raises in 2019, Willis Towers Watson survey finds
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
Last willis towers watson public limited company - ordinary shares earnings: 4/30 06:01 am
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Source: GlobeNewswire
ARLINGTON, Va., Aug. 14, 2018 (GLOBE NEWSWIRE) -- U.S. employers are projecting slightly larger pay raises for employees in 2019 as the unemployment rate has fallen sharply and the job market has tightened, according to a new survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. The survey also found employers rewarded their top performers with the biggest raises this year and are projecting modestly larger discretionary bonuses next year in their ongoing effort to reward and retain the best performing employees. The 2018 General Industry Salary Budget Survey, conducted by Willis Towers Watson Data Services, found U.S. employers project to give exempt, nonmanagement employees (i.e., professional) average pay increases of 3.1% in 2019, compared with 3.0 this year. Nonexempt hourly employees can also expect larger increases next year — 3.0% in 2019 versus 2.9% this year. Employers are planning smaller increases for executives (3.1% v
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