It’s not just a jobless recovery, it’s a raise-less one.
There are no salary changes planned for the next six months, according to 53% of U.S. chief financial officers and senior comptrollers surveyed by Grant Thornton LLP.
Only 15% said they planned to increase salaries.
What about the rest?
Well, that’s the bad news: 32% planned to decrease salaries.
As for bonuses: 47% plan no change, 44% reductions, and only 8 percent plan to increase.
It could get worse: 12% said they are more worried this year about their company’s ability to stay in business.