Salaries: but why do executives prefer collective increases?
“With 1.5 to 2% inflation, it was socially acceptable not to give some employees an increase. They didn’t lose too much purchasing power. Now, with inflation running, it is illusory to think that individual increases could compensate for this loss of purchasing power.”
Salaries: but why do 53% of senior managers prefer collective to individual increases?
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With their falling purchasing power, they see themselves in the same boat as other employees
“With 1.5 to 2% inflation, it was socially acceptable not to give some employees an increase. They didn’t lose too much purchasing power. Now, with inflation running, it is illusory to think that individual increases could compensate for this loss of purchasing power. Executives have understood this,” says Marc Grosser, former HRD and topics expert.
