Poll Salary Pdf For Free

General Salary Increases (Section 3.26) Effective July 1, 2023, all BU 9 classifications shall receive a general salary increase of 3 percent. Effective July 1, 2024, all BU 9 classifications shall receive a general salary increase of 2 percent.

The best salary research sites are Glassdoor, SalaryExpert, Salary.com, Indeed, and the Bureau of Labor Statistics (BLS).

Let's start with our example of an employee making $52,000. Using our formula, a 3 percent raise would look like this: $52,000 X . 03 = $1,560 raise over the course of the year.

Download this chart. In April to June 2023, the annual growth for regular pay (excluding bonuses) was 7.8%. This is the highest annual growth rate since comparable records began in 2001. Annual growth in employees' average total pay (including bonuses) was 8.2% in April to June 2023.

Higher-than-projected pay increases. WTW's latest Salary Budget Planning Report found overall salary increases in the U.S. are forecasted to rise to 4.6% in 2023, up from an actual spend of 4.2% this year.

Promotional increases within the same company typically amount to around 3%, whereas a person that switches jobs can expect a pay raise of about 10% to 20%. What's more, you may receive a promotion without any accompanying salary increase.

Here are some steps you can take to conduct effective salary benchmarking: Collect salary data. ... Determine a compensation strategy. ... Set a salary range. ... Document your results. ... Consider new and combined roles. ... Use reputable sources. ... Match descriptions accurately. ... Consider all compensation methods.