Small business CEOs losing confidence in economy
CEOs’ declining economic confidence is continuing to impact their decision-making, according to a joint Wall Street Journal/Vistage survey published in October. Throughout 2015, CEOs of small firms became increasingly less confident, with numbers falling to their lowest level in nearly two years. The WSJ/Vistage Small Business CEO Confidence Index was 101.9 in October, down from 103.7 in September and the peak of 115.5 at the start of 2015. As a result of continued economic weakness, these CEOs reported that they are increasingly unwilling to invest in building new plants, purchase new equipment and add to their workforces. The report cites uncertain prospects for the economy and uncertainty surrounding monetary policy as reasons for the decline.
Consumer trends for 2016
Trendwatching.com has identified five consumer trends for 2016.
For more information or to purchase the full report, visit http://trendwatching.com/trends/5-trends-for-2016.
Flat salary budgets spur promotions
Despite improvement in the economy and the job market, salary increase budgets for U.S. companies aren’t reflecting that, according to Mercer’s 2015/2016 U.S. Compensation Planning Survey of 1,504 mid-sized and large U.S. companies employing more than 17 million employees.
As a result, companies are tying base pay increases to stellar performance and using performance-related bonuses and career advancement programs that increase pay as employees are promoted.
According to the survey, the average salary increase budget is expected to be 2.9 percent in 2016, up from 2.8 percent in 2015.
For more information, visit http://www.shrm.org/hrdisciplines/compensation/articles/pages/flat-salary-budgets-spur-promotions.aspx.