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In addition,  the United Kingdom’s 2023 average total salary increase budget exceeded projections, reaching 4.5% (4.0% median) compared to the projected 3.9%.

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In the spring of 2021, U.S. respondents projected that 2022 total salary increase budgets would rise modestly from 2021’s 3% average to a 3.3% average while the median prediction (3%) showed no change from 2021’s actual median increase of 3%.

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For WorldatWork Members Retaining Employees in Transparent Pay Environments , Journal of Total Rewards article;Employing Age-Friendly Work Practices for Multigenerational Workforces , Journal of Total Rewards article;How Total Rewards Can Solve Loyalty Issues Among Younger Workers , Workspan Daily Plus+ article;How a Positive Benefits Experience Can Multiply Worker Loyalty , Workspan Daily Plus+ article;Ghosts in the Machine: Policing Provider Network Adequacy Issues , Workspan Daily Plus+ article; For Everyone Evolve or Die?

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