Do You Have Pay Raise Plans?

Please vote in my poll and respond in "comments."

Employees are eyeing their compensation with some trepidation this year as more and more companies announce layoffs and salary freezes. Companies are striving to hold onto their cash even if they are not in trouble. Because this is a year when it is impossible to predict the future, companies are covering all bases.

And, who can blame them – really? Consumer spending, which was way down this holiday season, is a reflection of the business world. Employees are holding onto their cash, too. Because this year is unpredictable, more companies and employees are concerned about staying afloat than a new outfit or copier for the office.

Believe it or not, some companies continue to provide profit sharing, bonuses, and other forms of variable pay to their employees. These decisions have a lot to do with how responsibly the company was operating prior to the economic dive. Organizations that have no debt, decent recession-proof sales, and a strong cash position are faring better than most.

More: Motivating Salary | Forward Thinking Salary Trends

All Topics | Most Popular | Newsletter | HR Forum