“Foremployers,communicatingtostaffabouttheprocessbehindsalaryincreaseswillbeevenmoreimportantin2018particularlyiftheeconomycontinuestoshowthestrongimprovementsweseenin2017andlikelytoseein2018,creatingtheperceptionthatthereshouldbemorebudgetforsalaryincreases,”saidSimon.

WalmartannouncedWern-YuenTanasthenewPresidentandCEOforWalmartChina.Wern-YuenTan,currentlyservingasPresident,WalmartStoresChina,willbepromotedtoassumehisexpandedroleonMarch1.