These companies are giving some workers mid-year raises
CBSN
Large corporations are biting the bullet this summer and giving raises to retain their employees — and help them cope with inflation.
The average pay raise is around 3% a year, typically given between January and April. But soaring inflation, high gas prices and a tight labor market are creating conditions that warrant off-cycle and larger-than-usual bumps in pay for workers.
A recent survey of workforce trends found that roughly two-thirds of employers increased their compensation budgets from January to June, according to Gallagher, a consulting firm.
Ashley White received her earliest combat action badge from the United States Army soon after the first lieutenant arrived in Afghanistan. The silver military award, recognizing soldiers who've been personally engaged by an attacker during conflict, was considered an achievement in and of itself as well as an affirming rite of passage for the newly deployed. White had earned it for using her own body to shield a group of civilian women and children from gunfire that broke out in the midst of her third mission in Kandahar province. All of them survived. She never mentioned the badge to anyone in her battalion.