Salary budget increases fell on average from 2019 to 2020, survey finds

Published 3 Min Read

As the coronavirus recession continues to impact organizations nationwide, many firms have had to lay off or furlough employees. But now, as the country begins to open up, employers must make decisions about their remaining employees. One big decision: 2020 salary increases.

Since 2009, average salary increases have risen each year since their all time low in 2008 due to the Great Recession.

Maddy Simpson
Reporter

Maddy Simpson is a reporter for Employee Benefit News and Employee Benefit Adviser. Contact her at madeline (dot) simpson (@) arizent (dot) com.


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