Are employers and employees going to end up on different wavelengths at the end of the year when it comes to bonus and salary expectations?
Employees will be noting the rosier hiring outlook now and a better-than-expected performance by some companies this year. But with employers keeping an eye on the bottom line, increments and bonuses are not likely to match that optimism, say human resources consultants and recruiters.
High unemployment in the US and Europe are “real brakes on growth” in a bumpy 2010, as most expect, pointed out Kerry Consulting director Declan O’Sullivan.
“We’re not going to see massive bonuses or increments, except only where there are highly localised and specialised needs,” he said.