US employers plan more modest compensation increases in 2024

Employers in the US plan to raise their compensation budgets by 3.5% for merit increases for 2024 and 3.9% for their total salary increase ...

Employers Eyeing More-Modest Pay Increases Next Year - SHRM

U.S. employers are planning smaller pay increases in 2024 compared to this year—and organizations say increases could decline more if ...

US employers plan lower compensation increases in 2024: Mercer

Mason noted that if the labor market stabilizes and inflation cools further toward the end of 2023, compensation pressures will likely decline, prompting “ ...

Survey Reveals Modest Compensation Growth Expectations for 2024

(From HR Dive) According to a recent Mercer survey, U.S. employers are projecting more conservative compensation increases for 2024 compared ...

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 ...

Employers predict 'modest' 3.9% pay increases for 2024 - HR Dive

Employers also said they plan to promote 8.7% of their employee population next year — spending part of their compensation budgets on ...

Survey Reveals Salary Budgets Are Growing at Near-Record Pace

Latest Press Release · Employers, on average, report planned salary increase budgets of 3.9% for 2025. · This is down from actual increases of 4.4 ...

Employers Eyeing More-Modest Pay Increases Next Year - CompXL

U.S. employers are planning smaller pay increases in 2024 compared to this year—and organizations say increases could decline more if ...

Employers project more modest salary increase for 2024: Report

Which industries are getting above-average pay boosts? ... Pay growth will be slower for US employees next year, based on findings from Mercer.

Employers Eyeing More-Modest Pay Increases Next Year

U.S. employers are planning smaller pay increases in 2024 compared to this year—and organizations say increases could decline more if economic conditions ...

How Much Will Salaries Increase in 2025? | Careers | U.S. News

Amid a tight labor market and the persistent pinch of inflation, employers are gearing up to offer pay raises in 2025.

US employers more conservative with salary budgets employee ...

Almost half (47%) of U.S. organizations report their salary budgets for the 2024 cycle are lower than the previous year, as the overall ...

'Healthy' Pay Raises on Tap for 2024 - SHRM

U.S. employers are planning an overall average salary increase of 4 percent for 2024, according to the latest Salary Budget Planning Survey ...

Compensation Trends for 2024: Deflation, Transparency, and Benefits

Compensation Trend Takeaways · Two in five salaried workers haven't received a salary increase in the past 12 months. · The average increase for those who did ...

Barbara Schwenk on LinkedIn: US employers plan more modest ...

Mercer's latest survey sheds light on the evolving compensation landscape in the US. The projection of more modest increases for 2024 signals a careful…

2025 Compensation Trends Your Organization Should Know About

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 ...

Inflation, Labor Market Drive Merit Pay Increases for 2024

Reports reveal U.S. employers are raising their total salary budgets between 3.8% and 4.1% for 2024.

Here's the average pay raise employees can expect in 2024

Another consulting firm, Korn Ferry, also expects a median salary hike of 4%, although other forecasts predict more modest increases. Tom ...

Budgets for base salaries expected to soar again in 2025 - CFO.com

Despite a recent downtrend in hiring and a slight increase in unemployment, U.S. companies' base-salary budgets are projected to rise ...

US employers plan more modest compensation ... - ATR on LinkedIn

Good article on survey findings on projected compensation increases for 2024; https://lnkd.in/eEqs43aA.