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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.

Microsoft Plans to Lay Off 3% of Workforce Tech software company Microsoft announced on Tuesday, May 13, it was going to lay off 3% of employees across all levels, teams and geographies, affecting about 6,000 people.

Proficiency Levels: 1 = None; 2 = Basic; 3 = Intermediate; 4 = Full Section 1: Administrative and HR Compliance Essential Knowledge Rating Training Needs Time and attendance: Proficiency with payroll software, approving time-off requests, and managing schedules and overtime.

Recertification Course Credits WorldatWork Recertification Credits 3 General Credits CEUs 0.3 Credits HRCI Recertification 3 Credits SHRM Recertification 3 Credits Learning Options Exercises are included throughout each section of the course for hands-on practice.

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Education Credits Event & Webinar Credits Membership Credits Presenting Credits Writing Credits Volunteering Credits WorldatWork Presenting/Teaching Credits Type Credits Earned Event, Webinar 1 credit / hour As a WorldatWork Faculty Member 3 credits / course; up to 9 credits / certification year* See Presenter Options Presenting/Teaching Credits for Other Organizations Type Credits Earned Events/Webinars/Seminars/Courses in Your Certification Area 2 credits; up to 6 credits / certification year* Teaching a HR-related University/College Course 3 credits

The median value increased 12% for stock options (from $89,167 to $99,955), 3% for deferred and phantom stock (from $165,047 to $170,000), 3% for restricted stock (from $170,043 to $175,055), and 4% for common stock (from $160,018 to $166,258).

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%.

The specific statements that define these measures can be found in Tables 2, 3 and 4, respectively.

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