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How inflation affects pay raises

Business Management Daily

Companies like American Airlines received billion-dollar bailouts in the Payroll Support Program to make up the difference, but they chose to use the money on executive bonuses and a fleet of new jets instead. Even with an inflation increase, employees are likely to seek better compensation if they feel their skills aren’t being rewarded.

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An Employers Guide to Agile Compensation Strategies

Hppy

The traditional grade-based structure is the expected standard for basic payroll management, but many organizations are now aware of the limitations and complexity they cause. If you have hundreds or thousands of positions to handle, pay grades can ease the burden of payroll management. Consider your team in a pay raise plan.