Setting Your 2025 Salary Increase Budget: Key Considerations and Market Trends
Setting the annual salary increase budget involves a delicate balancing act. Employers must carefully weigh market projections, internal financial constraints, and the competitive landscape. Factors like the availability of talent in specific areas, employee...
Compensation Budgeting and Spending – 2024
Employers budget for annual salary increases in Q4 of each year based on market projections, and affordability. Multiple organizations collect the projected data and provide information by type of increase and by other company demographic data, such as industry and...