DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Mercer - 2 Michael Citron - 2 Jessica - 1 She'd - 1 Kelli Dragovich - 1 — - 1 everyone's - 1 Gen Zers - 1
Top related locs:
America Mercer U.S
Top related orgs:
Tech - 1 Mercer - 1 Business - 1 Employers - 1 CNBC - 1

Search resuls for: "Michael Citron"


2 mentions found


☆ Job Promotions Are Down As Companies Cut Costs, Avoid Giving Raises
  + stars: | 2024-07-01 | by ( Aki Ito | ) www.businessinsider.com   time to read: +6 min
In 2023, according to data compiled by Workday, companies across every industry promoted fewer employees than they did the previous year. The cutbacks were especially stark in tech, where promotion rates plunged by 25%. Yes, high interest rates and slower economic growth means that companies are being forced to tighten their belts. Related storiesEven when the job market begins to heat up again, we may not see promotion rates recover to 2022 levels for some time — or ever. Companies need to remember that even though employees can't afford to quit their jobs in the current hiring slump, they can still quiet quit.
Persons: Jessica, She'd, Mercer, Kelli Dragovich, —, everyone's, Gen Zers, Xers, We'll, they'll, Michael Citron, they're, She's, I've, Aki Ito Organizations: Tech, Mercer, Business Locations: America
☆ Promotions and raises are going to be harder to get in 2024—here's why
  + stars: | 2024-05-22 | by ( Morgan Smith | ) www.cnbc.com   time to read: +1 min
If you're hoping to land a big raise or promotion this year, you might want to lower your expectations. Businesses' total salary budgets, which include money for all pay increases including raises and promotions, will be 3.6% in 2024, on average, down from the 4.1% paid out in 2023, Mercer reports. The firm's analysis is based on data from more than 1,000 U.S. organizations across 15 industries. In 2023, organizations promoted 10.3% of their workforce; in 2024, they plan to promote only 8% of employees. Mercer doesn't explain the decline in raises and promotions in its report, but "what we're hearing in conversations with our clients is just generally economic uncertainty," Michael Citron, a principal and compensation and rewards consultant at Mercer, tells CNBC Make It.
Persons: Mercer, Mercer doesn't, Michael Citron Organizations: Employers, CNBC Locations: Mercer, U.S
0 next >>
Total: 2