Photo credit: benjgibbs, CC BY 2.0.
Here’s today’s news roundup:
As Bloomberg reports, employers are starting to pull back on those bonuses they’ve been handing out in lieu of pay raises.
However, bonus pay decreased this year—and along with it, total spending on compensation. In 2017, companies allocated 15.7 percent of their total budgets to salary and bonuses. That number dropped to 15.5 percent this year, and employers are planning on budgeting just 15.2 percent on pay next...