No better, no worse: CFOs hold steady on benefits & comp levels
What moves are the majority of finance chiefs making when it comes to their company’s benefits and compensation?
Not many.
That’s what a recent national survey of U.S. CFOs and senior leaders revealed. According to the Grant Thornton, LLP, survey, 53% of CFOs said that salaries at their companies won’t change for at least six months.
Another 32% said they actually plan to cut salaries, and only 15% plan to boost workers’ pay.
The study also found most firms plan to keep employee bonuses and 401(k) match contributions the same.
When it comes to employers’ 401(k) match contributions, the study found:
- 74% of employers are keeping their 401(k) match the same
- 21% are reducing 401(k) match contributions, and
- 5% increasing the 401(k) match.
In terms of employee bonuses, the study found:
- 47% of firms plan no change to employee bonuses
- 44% plan to decrease bonuses, and
- 9% plan to increase employee bonuses.
Readers, do these findings seem consistent with what your company is doing? Let us know in the Comments section.
- Share on
Free Training & Resources
White Papers
Provided by Personify Health
Webinars
Provided by Yooz
White Papers
Provided by UJET
White Papers
Provided by Anaplan
Further Reading
The requirements for paying the prevailing wage under federal law have been slowly expanding for decades, but now, updated regs have brough...
The IRS has explained how to handle taxes if a retirement plan participant doesn’t cash a distribution check and another check is issued....
Heads up: Two pieces of legislation would provide more health savings account (HSA) flexibility for employees, increasing the value of this...
Heads up, Finance pros: HR might be coming to you soon for input and approval on new OBBBA benefits changes. Much of the media coverage...
The Department of Labor (DOL) recently issued a Federal Register notice, increasing the minimum wage for certain federal contractors. ...
The IRS has announced updated health savings account (HSA) contribution limits and high-deductible health plan (HDHP) parameters for 2026, ...
