RALEIGH – Executives in Raleigh are among the most stingy when it comes to increasing year-end bonues this year according to a survey from talent management firm Robert Half.
Only 41 percent of execs in the North Carolina capital are planning to pay more to employees this holiday season, Robert Half says. That’s well below the national average of 48 percent who plan to up year-end cash, according to more than 2,000 senior executives who participated in the survey.
And Raleigh is far below the 63 percent of execs in Austin – its rival for talent and economic development projects such as the Apple campus and new Army headquarters that went to Texas rather than the Triangle in 2018.
Charlotte bosses are a bit more generous than their colleagues in Raleigh with 44 percent saying they plan to boost rewards.
More than three quarters of businesses surveyed in Raleigh – 76 percent – offer bonuses. In Charlotte the figure is 80 percent.
Raleigh ended up tied for 16th place while Charlotte is 13th among the markets surveyed.
Durham, by the way, was not included in the survey.
Spending plans
So how do workers plan to spend their bonuses in Raleigh?
The survey says:
- Long-term savings (48%)
- Pay off debt (40%)
- Holiday shopping (33%)
In Charlotte, the breakdown is:
- To pay off debt (tie 48%)
- Long-term savings (44%)
- Vacation in the New Year (31%)
Breaking down bonus plans by city
Cities in the survey ranked bu the percentage of senior managers who said their company plans to increase year-end bonuses this year:
The leaders
1. Nashville: 64%
2. Austin: 63%
3. Denver / Minneapolis: 59%
4. San Diego: 58%
5. Portland / Washington, D.C.: 57%
6. Tampa: 52%
7. Sacramento: 51%
The rest
8. Chicago: 50%
9. Miami: 49%
10. Cincinnati / Cleveland: 48%
11. Atlanta / Houston / Seattle: 47%
12. Detroit / Pittsburgh: 46%
13. Charlotte: 44%
14. Indianapolis: 43%
15. Phoenix: 42%
16. Dallas / Los Angeles / Raleigh / San Francisco: 41%
17. Philadelphia: 40%
18. New York: 39%
19. Boston: 20%
