Salary Budget Growth to Ease for Employers, Projected at 3.9% in 2024 (Communities - News & Events)
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Item ID 133653015 in Category: Communities - News & Events
Salary Budget Growth to Ease for Employers, Projected at 3.9% in 2024 | |
U.S. companies are slowing down on the pay raise train next year. According to Mercer, they’re planning to dial back the growth of employee pay budgets from 4.1% this year to 3.9% in 2024. The job market is easing up a bit, inflation’s cooling off, and everyone’s got their eyes squinted at the murky economic horizon. Lauren Mason from Mercer says, basically if things keep calming down, the plan is to cut back even more on compensation bumps for 2024. What’s on the chopping block? Budget growth for merit increases is getting a trim too, dropping to 3.5% from 3.8% this year. Fewer promotions are in the cards – only 8.7% of folks are getting a leg up next year compared to 10.3% this time around. For more details please visit our website - https://www.hroutlook.com/2023/12/11/salary-budget-growth-to-ease-for-employers-projected-at-3-9-in-2024/  | |
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| Target State: Florida Target City : Florida City, Last Update : Jul 24, 2025 2:57 AM Number of Views: 21 | Item Owner : hroutlook Contact Email: Contact Phone: (None) |
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2025-07-27 (0.386 sec)