64% of organizations planning higher merit increases in 2023

Organizations continue to combat labor market challenges with higher funding for merit increases, according to Salary.com's Annual Pay Practices survey ...

Salary.com's Annual Pay Practices Survey Finds 64% of ...

Salary.com's Annual Pay Practices Survey Finds 64% of Organizations Planning Higher Merit Increases in 2023 · Share this article · WANT YOUR ...

US Compensation Planning Survey Summary | Mercer - iMercer.com

However, when looking at base pay changes from October 2022 to March 2023, the national average base pay increase was only 3.4%, while the ...

Is your compensation budget ready for 2023?

Compensation trends for 2023 point to higher-than-average salary increases, off-cycle pay increases, and upgraded benefits packages.

2024 Mercer QuickPulse™ - US Compensation Planning Survey

Actual increases lower than projected ... In November 2023, the projected average merit increase budget for 2024 was projected to be 3.5% and the average total ...

Employers budgeting big pay raises for 2023 - HR Executive

Nearly two in three (64%) U.S. companies are budgeting for higher pay raises than last year, while two-fifths (41%) increased their budgets ...

Reports: 2024 Pay Increases Projected to Exceed Inflation

WorldatWork's 2023-2024 Salary Budget Survey identified similar predictions, with participating companies from the U.S. and 17 other countries ...

The best way to get a big raise, have the 'salary talk' and earn more

The good news is that despite all the layoffs you've been hearing about, companies plan to be more generous with their raises this year: 64% of ...

2023 Compensation Budgeting Forecast Part 1: Base Pay Adjustments

Nearly two in three (64%) U.S. companies are budgeting for higher pay raises than last year, while two-fifths (41%) increased their budgets ...

Salary Increase Projections 2024 (and 2023) - SHRM

Salary increase budgets in 2023 reached their highest level in 20 years, new research shows, and employers are planning to stay fairly aggressive on pay going ...

Tips for 2024 Salary Increase Planning - Aon

Companies in Denmark, Germany, Singapore and the United Arab Emirates are reporting budgets slightly larger than 2023 salary increase payouts.

U.S. employers boost projected salary increase for 2023

Nearly two-thirds (64%) of employers in the United States have budgeted for higher employee pay raises than last year, according to a report ...

New-Hire Salaries are Rising – Along with Concerns About Pay Equity

1. Offset any Pay Imbalances within your Organization ... Offering larger merit increases to high performers, as well as employees whose salary is lower in the ...

Salary Increase Projections 2025 (and 2024) - SHRM

Actual salary increase rates for U.S. employers were 4% in 2023 and 3.6% this year, according to Payscale, a U.S. compensation software and data company. The ...

What is a normal annual raise to ask for? : r/gis - Reddit

10%+ raises are generally for "adjustments" where you perhaps need to get a pay increase to bring you more in-line with the value you are ...

State of IT Report: 2025 Technology Trends for B2B - Spiceworks

The top driver of technology budget growth is increased security concerns, influencing 53% of organizations planning to raise spending in 2025 (up from 41% in ...

2023 Compensation and Benefits Report | OSHR

while Energy and Consumer Goods are planning merit increases greater than the national average. ... pipeline that allows for organizational ...

CEOs got hefty pay raises in 2023 while inflation burdened ... - PBS

Meanwhile, wages and benefits netted by private-sector workers rose 4.1 percent through 2023. At half the companies in this year's pay survey, ...

How to Improve Employee Engagement in the Workplace - Gallup.com

So, what can companies do better to engage employees? ... For Departments and Organizations Learn about our employee engagement solutions and customized plans for ...

Almost 2 in 3 workers got a pay increase this year - Bankrate

Meanwhile, more Americans than last year (26 percent in 2023 versus 21 percent in 2022) said they found a better-paying job. White workers were ...