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December 06, 2005
Minority of CFOs Expect to Offer Bigger Raises, Bonuses

Twenty-nine percent of chief financial officers expect to offer higher raises in 2006 than they did in 2005, and 20 percent anticipate giving bigger bonuses, according to a survey by Robert Half International, Inc., a staffing firm.

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The survey included more than 1,400 CFOs from U.S. companies with 20 or more employees.
Sixty-four percent of respondents said they don't expect to give larger raises than they did in 2005, and 67 percent said they don't anticipate offering better bonuses.

CFOs who said they expected to increase raises and bonuses in 2006 were asked by what percentage these forms of compensation would rise. The mean responses were 5 percent for raises and 7 percent for bonuses.

"Many companies may be hesitant to increase employee compensation because of other expenses impacting the business, such as rising healthcare and energy costs," says Max Messmer, chairman and CEO of Robert Half International Inc.. "But an overly cautious approach can be detrimental, particularly as the competition for top candidates intensifies. Firms that fail to reward good performance risk losing their best talent."

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