If companies shared their cash with employees
What they haven’t been doing is giving extra cash to employees, despite s a year of solid – and often record – profits and huge cash hoards. A survey by Aon Hewitt on compensation trends for 2014 shows that companies plan to raise salaries by just 3% this year – the highest since 2008, when the average raise was 3.7%. Economist Ed Yardeni notes that employee compensation and capital spending as a percentage of GDP has been the lowest since the mid-1950s. But suppose each company with $1 billion in cash took 5% of that stash and give it to … Continue reading If companies shared their cash with employees
