Q&A: Should I give raises to match inflation?
Handling raises is already a sticky situation, but it’s even trickier when you add in record-high inflation. How should you compensate your employees in light of the current economy?
Q&A: Should I give raises to match inflation?
The annual rate of inflation in the United States hit 6.8% in November 2021, the highest in more than three decades. Should you raise your employees’ salaries to keep up?
David Watson, Product Marketing Manager at Zenefits, shares what you need to know about inflation and advice for how to handle pay accordingly.
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On this episode, you’ll hear:
- [00:30] The state of inflation in the U.S.
- [01:00] How companies are handling compensation
- [01:30] Metrics to monitor
