Employers are planning their biggest salary increases in 15 years.
While the economy was on a roller coaster, most employers are increasing pay increases. In fact, in 2015, wages will increase the most in 15 years.
It’s no surprise, given the economy was on a roller coaster in 2015. The stock market was on a roller coaster, and so were the headlines. The Dow Jones index was on a roller coaster in 2015. The S&P 500 was on a roller coaster in 2015. And with no real direction, many investors were scared to death. There were reports of companies shutting down. There were reports of people losing their jobs.
As a result, the stock market was flat in 2015. The only positive thing regarding the economy was the Federal Reserve raising rates. They were raised only two times in 2015. The effect of all that was a lack of confidence in the economy. There was still a slight upward trend in the stock market going into 2016, but in 2016, the stock market tanked. It tanked in August.
With a lack of confidence in the economy, many employers are planning on increasing salaries as 2015 ended. Here are some of the major increases employers are planning for 2015:
Salaries will increase in 2016
While inflation is a major factor in salaries, employers are still increasing in 2016.
The U.S. Federal Reserve raised the interest rate, which is an inflationary factor. That rate could be a negative sign, as higher interest rates are usually a negative sign. But, the Fed is still raising rates and that could be a positive sign for the economy.
The wage index, which is an inflationary factor, increased by just 1.2 percent in 2015. That is one of the smallest increases in 15 years.
But, employers are still planning on increasing salaries for 2016.
A full-year increase is expected, as increases are not always annual.
In January, a full-year rise is expected.
In February, a full-year increase is expected.
In March, a full-year increase is expected.
In April, a full-year increase is expected.
In May, a full-year increase is expected.
In June, a full-year increase is expected.
In July, a full-year