The annual raise: An endangered practice?

http://baltimorecheckbook.tumblr.com/post/149418634232/the-annual-raise-an-endangered-practice#_=_

The automatic annual raise that many employees have come to expect could be eliminated in favor of larger payments to a select few — if the message from a growing group of managers and industry experts is heard. According to a report in The Wall Street Journal, companies are determining that automatic annual raises don’t motivate employees the same way that more-optimally structured bonuses do. The belief among the employers is that automatic raises inefficiently distribute pay across a company.…