Compensation is going up. But, is it enough? - Mercer

Based on insights from more than 950 employers, compensation budgets are going up, but only slightly. Merit increase budgets are tracking at 3.2%*, while total increase budgets, which also …

CouponFollow Extension

2%
OFF

Compensation Is Going Up. But, Is It Enough? - Mercer

1 week from now

Based on insights from more than 950 employers, compensation budgets are going up, but only slightly. Merit increase budgets are tracking at 3.2%*, while total increase budgets, which also …

mercer.com

10%
OFF

2025 Projected Annual Merit Increases | Mercer

1 week from now

Employers are planning to promote just under 10% of employees in 2025, which is up slightly from the 8% they predicted promoting in 2024. For companies that have a separate promotional …

imercer.com

6%
OFF

Mercer Projects 3.6% Total Salary Increase Budgets In 2025

1 week from now

Oct 9, 2024 · Reuse Permission. U.S employers are budgeting for 3.3% merit increases and 3.6% total salary increases for non-unionized employees in 2025, according to Mercer’s August …

worldatwork.org

4%
OFF

We're Likely To Get Just A 4% Salary Increase From Employers

1 week from now

Dec 29, 2023 · Per a new report from Mercer, an investment and retirement consulting firm, released the results of its August 2023 Mercer QuickPulse™ US Compensation Planning …

essence.com

3%
OFF

Compensation Budgets To Rise Slightly, But Won't Keep Pace With ...

1 week from now

Dec 14, 2021 · Employers’ compensation budgets are set to rise 3.3% for merit budgets and 3.5% for total budgets in 2022, a survey by HR consulting firm Mercer found — a slight increase …

hrdive.com

9%
OFF

Four Ways To Go Beyond Budgeting In Your Compensation Strategy …

1 week from now

As a result, we are seeing yet again, a peak in compensation budgets since the 2008 financial crisis. 2023 compensation budget projections are now at 3.9% for merit increases and 4.3% …

mercer.com

FAQs about Compensation is going up. But, is it enough? - Mercer Coupon?

Are compensation budgets going up?

Based on insights from more than 950 employers, compensation budgets are going up, but only slightly. Merit increase budgets are tracking at 3.2%*, while total increase budgets, which also include other types of budgeted base pay increases, such as promotion awards, are tracking at 3.5%. ...

Will Mercer's salary increase budget be lower in 2025?

Mercer data showed the current projected total salary increase for next year matches the actual pay increases organizations delivered in March 2024. The firm, however, predicted actual increase budgets for 2025 will be lower, continuing a recent downward trend. Access bonus Workspan Daily Plus+ content on this subject: ...

Will Mercer's 2023 compensation plan lag behind inflation?

Today, Mercer released the results of its 2023 US Compensation Planning Survey revealing that while salaries are going up, 2023 compensation budgets and salary projections for US employers are expected to lag behind inflation. ...

Will mercer's'merit increases' increase in 2024?

The survey was taken by more than 900 of its clients, who are employers of varying sizes across 15 industries. Based on their replies, Mercer said compensation budgets for merit increases are expected to grow by an average of 3.5% in 2024, down from 3.8% this year. Merit increases are the pay bumps related to your prior year's performance. ...

Are employers budgeting for salary increases in 2025?

U.S employers are budgeting for 3.3% merit increases and 3.6% total salary increases for non-unionized employees in 2025, according to Mercer’s August 2024 QuickPulse U.S. Compensation Planning Survey. The survey asked more than 1,100 U.S. employers to share their preliminary budget projections for 2025. ...

Is a 39% salary budget increase enough?

Ultimately, whether a 3.9% salary budget increase is sufficient depends on individual circumstances, industry norms and economics. At the very least, salary budget increases should keep pace with inflation so workers don't lose purchasing power. ...