Aidan Harvey works on his laptop at the Squaremouth offices in St. Petersburg, Fla., May 22, 2015. Most employees at the company receive a small annual raise, but they're also treated to perks like the new Apple Watch Sport. Companies’ continued efforts to keep costs down have pushed employers to increasingly turn to one-off bonuses and nonmonetary rewards at the expense of annual pay raises.
Aidan Harvey works on his laptop at the Squaremouth offices in St. Petersburg, Fla., May 22, 2015. Most employees at the company receive a small annual raise, but they're also treated to perks like the new Apple Watch Sport. Companies’ continued efforts to keep costs down have pushed employers to increasingly turn to one-off bonuses and nonmonetary rewards at the expense of annual pay raises. EVE EDELHEIT NYT
Aidan Harvey works on his laptop at the Squaremouth offices in St. Petersburg, Fla., May 22, 2015. Most employees at the company receive a small annual raise, but they're also treated to perks like the new Apple Watch Sport. Companies’ continued efforts to keep costs down have pushed employers to increasingly turn to one-off bonuses and nonmonetary rewards at the expense of annual pay raises. EVE EDELHEIT NYT

One-time bonuses and job perks are supplanting employee pay raises

May 30, 2015 4:00 PM

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