Businesses Offer Wage Outlook: 41% Expect Raises

0 Comments 2 view(s)

Express Employment Professionals releases survey results on 2018 wage outlook.

OKLAHOMA CITY (PRWEB) February 14, 2018

Janis Petrini, owner of an Express Employment Professionals office in Grand Rapids, Michigan, and Chris Ashcraft, an Express office owner in Mobile, Alabama, spend their days focused on job markets 1,000 miles apart. However, their expectations regarding the effects of tax reform on wages could not be more closely aligned.

“Any time businesses get to keep more of their profits they will invest in people,” Ashcraft said.

Petrini echoed the sentiment.

“Companies will invest back into their people and their growth with tax reform,” she said.

The wage outlook for the first quarter of 2018 is encouraging, according to a survey of businesses fielded by Express in December 2017, the same month tax reform became law. Respondents were asked, “Over the next three months, do you expect wages at your company to increase, decrease or stay the same?”

Forty-one (41) percent said “increase,” 58 percent said “stay the same,” and 1 percent said, “decrease.”

That is an improvement over the previous survey on the outlook for the fourth quarter of 2017. In that survey, …

Full story available on Benzinga.com