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Workspan Daily
11/15/2024
The measure will increase the state’s minimum wage to $15 per hour by July 1, 2027, provide employees the ability to accrue up to 56 hours of paid sick leave per year at employers with 15 or more employees and up to 40 hours at employers with less than 15 employees, and would prohibit captive audience meetings.
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Workspan Magazine
11/28/2022
WorldatWork’s “ 2022-23 Salary Budget Survey ” revealed that salary increase budgets reached their highest level in 20 years in the United States.
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Tools
Merit Matrix: Budget Distribution Projection
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A structured approach to merit increase planning is essential to create consistent, clear merit increase decisions.
Press Release
08/31/2022
Salary Increase Budgets Reach 20-Year High
Annual WorldatWork Survey Reveals Average Salary Increase Budgets Were 4.1% in 2022 and Projected at 4.1% in 2023.
Workspan Magazine
08/15/2022
For the past decade, merit budgets have hovered around 3%, but current trends suggest that salary increase budgets are rising to levels not seen in more than 20 years.
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Workspan Daily
07/29/2024
;Prepare a minimum of three alternative budget scenarios, such as: a) your preferred budget recommendation, b) a lower budget and c) a higher budget.
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Workspan Magazine
11/03/2023
U.S. respondents reported an unexpected boost in 2023 average salary increase budgets, which grew by 0.3% to reach 4.4%, but they also predict a return to a 4.1% average increase budget for 2024.
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Workspan Magazine
11/23/2021
Looking ahead to 2022, all countries polled figure to raise their total salary increase budgets, with India, Russia and China projecting the largest budgets, at 9.2%, 6.1% and 6%, respectively.
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Workspan Daily
07/08/2025
;Payscale: 3.5% average salary increase budgets for 2026; 3.6% actual average increase budgets in 2025.; ( Top-level results from the WorldatWork 2025-2026 Salary Budget Survey report are now available to the general public.
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Workspan Daily
07/31/2024
Of the organizations that do budget for promotional increases, the survey found 39% have separate promotional increase budgets, while 32% include them as part of their “other” increase budget, 24% have them as part of their merit increase budget and 5% allot them as part of their general increase/cost-of-living adjustment (COLA) budget.
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