'Peanut butter' pay raises could cost companies their top performers, according to experts: 'It's such a shortsighted strategy'
Summary
Across-the-board 'peanut butter' pay raises are rising in popularity but may erode motivation of top performers. The Payscale Pay Increase Preview suggests 16-18% of organizations are considering or already using across-the-board raises; experts warn it can reduce engagement and retention among high achievers. The article discusses fairness, administrative ease, and guidance for employees on negotiating compensation and career moves.