Survey says: Pay raises when economy improves

An Accountemps survey released this week indicates that promotions and pay raises may be back in the discussion as the economy continues to recover.

Half of the chief financial officers surveyed by Accountemps said they planned to promote their most productive employees and 48 percent said they would give pay raises — when the economy improves.

Twenty-four percent of those surveyed said they planned no steps to “sweeten the pot to avoid losing their best employees,” according to a press release.

Surveys like this offer an interesting peek at what’s happening around the country, but I wouldn’t be making big plans for that bonus check. Knoxville often lags national trends.

What’s will your company do?

Accountemps, a staffing services company, surveyed 1,400 CFOs from a sampling of companies with at least 20 employees.

Complete survey results are available here.