How many of your employees are quietly biding their time until the market improves to talk about their salaries?

According to a recent survey by Robert Half International and CareerBuilder, more than one-quarter (28%) of employees are planning to ask for a raise as soon as the economy improves.

Additionally, just about half (49%) of those surveyed said pay raises will be the most effective retention tool after the recovery.

Some other key findings from the survey included:

• 40% of hiring managers said pay increases would be their company’s primary means of retaining top performers, and
• 20% of employees said the most effective retention tool would be better benefits and perks once the economy improves.

The top benefits and perks participants cited: technology upgrades, followed by tuition reimbursement or subsidized training.

Tags: CareerBuilder, raises, Retention tool, Robert Half International, salaries