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The report estimates average salaries in India to increase by 10.2 per cent in 2023, lower in comparison to 10.4% (Actuals) in FY'22, but still in double digits.

As of , eight US states (including Colorado, Connecticut, Maryland, Nevada, Rhode Island, Illinois, California, and Washington), five cities, and one county have pay transparency laws in effect.

One of the key trends in compensation and benefits management is to align the rewards system with the strategic objectives and values of the organization. This means that the compensation and benefits should reflect the desired behaviors, skills, and outcomes that support the organization's mission and vision.

That's ing to new data by Mercer, which found that U.S. employers reported 2023 annual merit increases have averaged 3.8 percent, while total compensation?which includes merit awards as well as all other types of compensation increases impacting base pay, such as promotional, cost-of-living and minimum wage? ...

While total salary increase budgets are projected to rise by another 4.1 percent on average, the majority acknowledge their salary increase budgets are not yet firm for 2024. The 4.0 percent median remains the same as 2023, but the average dropped to 4.1 from the 4.4 percent actual 2023 budgets.

New techs are hired in at a 56 and 57 paygrade in the $24-$28 hr range.

Projected salary increases for 2023 are slightly lower than the actual increases for 2022 across all job levels, except for blue-collar workers who are projected to have a slightly larger decrease in compensation in 2023. The top three sectors with the biggest forecasted salary increases are tied to technology.