Improve your compensation planning strategies for 2025 - Mercer

Leaders can use the data from the U.S. Mercer Surveys including QuickPulse: Job Architecture Edition, August 2024 Compensation Planning, and the Benchmark Database surveys to glean …

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Employers Budgeting For 3.5% Pay Raises Next Year - SHRM

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Aug 13, 2024 · Payscale’s new Salary Budget Survey found that U.S. employers are planning for 3.5% pay raises on average next year—a dip from the past couple of years—due to a cooling …

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Mercer: 2025 Salary Projections Consistent With 2024 - SHRM

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Oct 2, 2024 · A July survey of some 31,000 employers by WTW found that organizations predict a 3.9% jump in 2025, while also finding that roughly half (47%) reported that their salary budgets …

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FAQs about Improve your compensation planning strategies for 2025 - Mercer Coupon?

How much will salary increase budgets be in 2025?

And preliminary data from Empsight, a New York City-based human resource consulting firm specializing in compensation, found that total salary increase budgets will be 4% for 2025, while median merit budgets are projected to be 3.5% for 2025. ...

How much do employers expect in 2025?

A July survey of some 31,000 employers by WTW found that organizations predict a 3.9% jump in 2025, while also finding that roughly half (47%) reported that their salary budgets for the 2024 cycle are lower than the previous year. ...

What percentage of employees will be promoted in 2025?

Most companies reported that all leaders or business units receive the same increase budget (i.e., a percentage based on their salary budget). Employers are planning to promote just under 10% of employees in 2025, which is up slightly from the 8% they predicted promoting in 2024. ...

Are employers struggling to define the future of employee compensation?

Employee compensation is both a cost that employers must manage and an investment they must maximize. If employers are struggling to define the future of compensation, Gollmer urges them "to consider what they [currently] offer and how they show up for employees." ...

What is the average promotion increase budget for 2025?

For companies with a separate promotion budget, the average promotion increase budget for 2025 is 1%, down slightly from 1.1% in 2024. There are variations in compensation projections across industries, Mercer found. ...

Should employers increase their compensation spending to keep up with market averages?

Around 80% of businesses expect to increase their compensation spending to keep up with market averages. The level of increase will depend on broader market trends. Internal pay equity is another major factor, as some existing salary structures may not reflect each employer’s DE&I values. ...