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Too soon to tell
August 2022 edition
Most companies are just beginning to think about increase budgets
Budgets continue to rise
Employers are paying more
Off cycle increases are being used for a variety of reasons
-
95%
Based on individual performance -
79%
Based on internal equity -
76%
Based on relationship of current salary level to new grade midpoint or market value -
44%
Based on an individual's skills -
34%
Based on individual potential -
26%
Based on Total Compensation delivered -
4%
Other -
2%
No factors considered; across the board salary inccrease (i.e., equally distributed)
Salary structures are being adjusted
2023 Projected (excluding 0s)
All numbers are averages and include zeros unless otherwise noted.
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