Is a recession looming? Maybe, or maybe not. Regardless of economic projections, however, U.S. companies are expected to continue hiring at a steady pace, and they’re also preparing to pay a record-setting amount in employee bonuses next year.
Aon’s 2019 U.S. Salary Increase Survey predicts the largest bonuses next year in the history of the 43-year old study, with variable pay—such as incentive or sign-on bonuses—rising to a record 13.1% of payroll. Base pay will increase by 3.2% next year, compared to an actual rise of 3.1% this year, according to the survey, which queries 1,216 U.S. businesses.