Mercer: 2025 Salary Projections Consistent with 2024 - SHRM

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 for the 2024 cycle ...

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Mercer: 2025 Salary Projections Consistent With 2024 - SHRM

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HR Alert – Per Mercer: 2025 Salary Projections Will Be Consistent …

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Nov 4, 2024 · Mercer’s analysis also found that, in addition to remaining consistent with salary increases, employers are planning to promote just under 10% of their employees in 2025. For …

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Mercer: 2025 Salary Projections Consistent With 2024

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Oct 28, 2024 · Mercer’s analysis also found that, in addition to remaining consistent with salary increases, employers are planning to promote just under 10% of their employees in 2025. For …

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2025 Projected Annual Merit Increases | Mercer

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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 …

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Mercer QuickPulse™ - US Compensation Planning Survey | 2024 …

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Employers on average are planning to promote a little less than 10% of their workforce in 2024. On average, employees can expect to see a 9.2% pay increase for a one-level promotion. Half …

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Mercer Projects 3.6% Total Salary Increase Budgets In 2025

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Oct 9, 2024 · Mercer research points to 3.3% merit increases and 3.6% total salary increases for U.S. workers in 2025.

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US Employers Plan More Modest Compensation Increases In 2024

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Sep 25, 2023 · According to the survey, 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 budgets …

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Salary Increase Projections 2024 (and 2023) - SHRM

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SHRM | Sep 2023. US employers plan to raise compensation budgets in 2024 by 3.5% for merit increases and 3.9% for total salary increases for nonunionized employees, but that is lower …

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

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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 …

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FAQs about Mercer: 2025 Salary Projections Consistent with 2024 - SHRM Coupon?

What percentage of employees will be promoted in 2025?

Mercer’s analysis also found that, in addition to remaining consistent with salary increases, employers are planning to promote just under 10% of their employees in 2025. For companies with a separate promotion budget, the average promotion increase budget for 2025 is 1%, down slightly from 1.1% in 2024. ...

How much will salary increases increase in 2023?

Salary Increase Budgets Hit Two-Decade High SHRM | Sep 2023 US employers plan to raise compensation budgets in 2024 by 3.5% for merit increases and 3.9% for total salary increases for nonunionized employees, but that is lower than the increases of 3.8% and 4.1% respectively planned for 2023, according to a report by Mercer. ...

What percentage of employees will be promoted in 2024?

Employers on average are planning to promote a little less than 10% of their workforce in 2024. On average, employees can expect to see a 9.2% pay increase for a one-level promotion. Half of employers are managing promotions through their existing salary and wages budget, or some other expense process. ...

Are 2025 salary increase budgets the same as 2024 salary budgets?

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 are expected to be higher, and 15% said they expect them to be lower. Some or all studies may require download and/or purchase. Related Resources ...

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. ...

Will Mercer raise salary increase budgets for nonunionized employees?

And they plan to raise their total salary increase budgets for nonunionized employees by 3.9 percent, compared to 4.1 percent in 2023. Mercer surveyed more than 900 organizations in August for the results. ...