Poll Salary Pdf For Free

U.S. respondents report, on average, a planned base salary increase of 3.8 percent in 2023. Among some industries, however, base salary increases reported by respondents may surpass 4.5 or even 5 percent for their employees.

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.

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.

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.

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.

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.

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

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.