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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.

.; ;Type of recognition.

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Hartstein said that granting various types of benefits, equity, bonuses or other compensation plans may create opportunities to also protect the organization’s interests in these areas, or make changes to existing agreements to keep up with legal changes.

TR must map various employment types, ensure equity and extend benefits accordingly.

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%.

Promotions tend to be tied to a major role change rather than doing more of the same type of work.

.; Relationship crafting focuses on altering the frequency, type or nature of interactions with others.

;Understand the types of sales compensation plans and payout mechanics.