A majority of U.S. employers expect to give out pay raises by the end of the year, according to a CareerBuilder survey published Friday.
Fifty-eight percent of employers plan to increase compensation for current employees, the survey found. CareerBuilder said 24% of all employers will increase wages by 5% on average.
Job seekers are also poised to benefit, as 45% of employees plan to offer higher starting salaries to attract new hires.
“Low unemployment and increasing skills gaps continue to plague employers who are struggling to fill roles at all levels within their organizations,” CareerBuilder CEO Matt Ferguson said in a news release, adding that 50% of employers say it’s taking longer to fill jobs today than ever before…
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