Salary increases are higher this year than they have been over the last few years and there is an increased focus on gender parity when it comes to compensation, the Environmental Financial Consulting Group (EFCG) notes in a recent survey of more than 200 companies.
With salaries up about 4% for the year, that is “noticeably higher than the 2.5% to 3% recorded consistently for the prior five years,” notes Ted Lower, CEO of the LVNV Group.
Lower, who also leads EFCG’s human resources practice, points out the “impacts of more firms conducting gender-parity salary reviews, or having them scheduled for 2019.”
The most eye-opening finding “was the emphasis on additional flexibility for employees,” Lower says, noting “a very clear trend to make each day as flexible as possible.”