Amid the new administration’s recent flurry of tariffs and countermeasures, organizations throughout the U.S. and Canada are contending with an ever-changing business environment. As they focus on the implications these changes have on business, they are challenged with the potential impact it is having on their employees. According to a new survey by Towers Watson, a WTW business (NASDAQ:WTW), 56% of companies indicated their workforces are concerned about base pay increases in light of recent changes to economic policies.
The Adapting to 2025 U.S. Policy Shifts Pulse Survey found that the current economic landscape is causing apprehension among employees about compensation. Yet, 48% of companies reported there would be no impact to this year’s projected salary increases but next year's budget may be impacted, and another 28% reported no impact at all. Less than one-quarter (23%) of organizations are expecting tariffs and ongoing economic volatility to result in reduced pay increases for the balance of the year.
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