After years of employers hiking salaries to keep talent in a tough labor market, a new study suggests across-the-board pay raises may not be in the cards at many organizations in 2024.

A report out this week from ResumeBuilder.com found that 18% of companies surveyed had not yet decided if they were going to give raises next year, and 8% won’t. While three-quarters plan to raise some salaries, at half of those companies, the raises will go to 50% or less of employees, according to a survey of 600 business leaders. READ MORE