Cape Town - There were five main reasons companies gave raises to employees in 2017, according to the global 2018 Compensation Best Practices Report by American company PayScale.
"Employers seeking to be employers of choice will do well to link their pay raises to performance and market rates for their jobs. Today’s savvy high-performers don’t only want to see that they are paid well for their efforts. Employee satisfaction is driven by feeling the approach to pay is fair and transparent at the organisation," the repost states.
"They are also much more informed about the value of their jobs in the market and they are often approached by recruiters about new job opportunities."
It found the rising number of online sources to which employees can now turn for pay information has made employees confident in approaching their employer to ask for a raise.