Here’s why you may get a smaller pay raise next year

Here’s why you may get a smaller pay raise next year


Key Points
  • The typical worker will get a 4.1% annual raise for 2025, down from 4.5%, according to a WTW survey.
  • That growth is still high relative to the recent past.
  • Company pay increases are largely dictated by supply-and-demand dynamics in the labor market.
  • The job market has cooled from a scorching level in 2021 and 2022.



Source

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