Pay Raises Are Shrinking in 2025, CFOs Say

Companies are planning smaller raises this year, according to a new survey of chief financial officers from Gartner. From a report: It's become harder to find a job, particularly in the white-collar world. So employers are far less worried about people quitting and don't need to do as much to get workers to stick around. 'Nobody is talking about the Great Resignation anymore,' says Randeep Rathindran, a vice president in the finance practice at Gartner. The vast majority of employers, 94%, are still planning raises this year, per Gartner, which surveyed 300 CFOs and finance executives. The amounts are just smaller now. The share of CFOs planning to raise average employee compensation by 4% or more in 2025 fell to 61% from 86% in 2023.

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