Pay Raises Expected to Slow in 2025 as Labor Market Cools

Pay Raises Expected to Slow in 2025 as Labor Market Cools - insurica

Pay raises for US workers in 2025 are projected to be slower than recent trends. Still, most employers will give salary bumps above the 3% threshold.

The Future Of Salary Increases: Why Next Year Might See A Decline

A cooling job market and a changing economic outlook are influencing this trend. Pay raises soared during the early post-pandemic period ...

Employers Planning Lower Pay Raises in 2025 - SHRM

As inflation and the job market continue to cool down from their previous red-hot pace, U.S. employers are giving more conservative pay ...

which could lead to steady 2025 salary budget growth, Mercer says

Data from consulting firm Mercer projects steady increases to organizational salary budgets in 2025 after a dip in budget growth between 2023 and 2024.

Salary Increase Projections 2025 (and 2024) - SHRM

The majority of U.S. employers (66%) said 2025 salary increase budgets are expected to be the same as their 2024 salary budgets, 19% said 2025 salary budgets ...

The Job Market Is Cooling. What the Next President Will Face

Stanley expects employment gains will slow substantially, perhaps reaching as little as 100,000 a month by early 2025. Much of the increase ...

Companies boosting salary budgets at near-record pace in 2025

“Despite a slower pace of hiring and slight increases in unemployment, elevated wages are expected to continue into 2025,” Conference Board ...

As inflation cools, employee pay raises are on the decline

Next year, employers expect to hand out raises of 3.5%, down from 3.6% on average in 2024, per Payscale's Salary Budget Survey.

Mercer Projects 3.6% Total Salary Increase Budgets in 2025

The survey asked more than 1,100 U.S. employers to share their preliminary budget projections for 2025. Mercer data showed the current projected ...

Here's why you may get a smaller pay raise next year - CNBC

Companies in the survey would likely pay their annual raises by April 1, 2025, she said. Job market was 'unbelievably robust'. Worker pay in ...

Salary budgets for 2025 are growing at a near record pace

More raises could be coming in 2025. Despite a hiring slowdown, companies are planning to increase salary budgets by an average of 3.9%.

Salaries are still growing, but some once-popular bonuses are sliding

"Despite a slower pace of hiring and slight increases in unemployment, elevated wages are expected to continue into 2025," said Dana Peterson, ...

CFOs plan to raise salaries 3.9% in 2025: WTW - HR Dive

US companies are trimming salary increases as the labor market loosens, recovering from a pandemic period of high resignations, job hopping and wage gains.

Companies are planning smaller pay raises in 2025

A cooling labor market and inflation are driving the reduction in pay increases, according to the reports. Still, the 2025 projected pay ...

New normal for pay raises takes hold as companies budget for 2025

Companies are dialing back pay raises in 2025, an expected outcome of a continually cooling labor market. ... Salary budgets are lower across the board.

After a Pay Boom, Raises Are Shrinking - WSJ

They plan to spend even less next year, projecting a median raise of 3.9% in 2025, according to employer-advisory firm WTW, which conducted the ...

2025 Salary Budgets Show Modest Growth Amid Cooling Job ...

Despite a cooling job market and economic uncertainty, companies are still planning salary budget increases for 2025, though at a slower ...

Compensation planning for 2025: Five trends that matter

The first three quarters of 2024 have seen fluctuating market conditions, with generally slower hiring and slight increases in unemployment.

Labor Market Cools, Fed Attentive to Unemployment

Average wages and salaries for union workers are growing at a rapid pace of over 6.5% versus a year ago, relative to 3.8% for non-union workers.

2025 Compensation Trends Your Organization Should Know About

According to The Conference Board 2024 salary increase budgets survey, employers expect 2025 base pay budgets to rise by an average of 3.9%.