In its press release, the firm said 29% of CFOs said they do anticipate providing higher raises in 2006, while 64% said they do not. In addition, only 20% said they anticipate increasing bonus amounts, while 67% said they do not.
From those who said raises and bonuses would increase in 2006, the mean expected increase was 5% for raises and 7% for bonuses, according to the release.
Max Messmer, chairman and CEO of Robert Half International Inc. attributes the caution of employers to increase compensation to other business expenses, such as health care and energy costs.
The survey was conducted by an independent research firm and includes responses from more than 1,400 CFOs from a stratified random sample of US companies with 20 or more employees. Robert Half’s Web site is www.rhi.com ..