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This year’s survey includes base salary increases and merit budgets for 22 countries including in-depth salary budget insights in the United States (U.S.), Canada, India, and the United Kingdom.

U.S. employers forecast raising their merit increase budgets by 3.5% and total salary increase budgets by 3.8% on average for 2024, according to Mercer's U.S.

Salary Budget Survey 2024-2025: Participation Closes May 15 Mercer’s latest survey findings fell below WorldatWork’s 2023-24 Salary Budget Survey of 2,146 participating U.S. organizations, which in July 2023 projected 4.1% pay increase budgets in 2024.

Details Executive Report & Online Reporting Tool – Trusted and relied upon by comp professionals worldwide, the WorldatWork Salary Budget Survey allows for unparalleled precision in your salary budget planning.

WorldatWork 2026 Salary Budget Survey Stay Ahead of Salary Budget Trends Salary budget planning is getting more complex.

WorldatWork’s January 2022 “ Salary Budget Quick Poll ” revealed that organizations are increasing their previously planned salary budgets to address the competitive labor market and inflation.

The long list of agencies called out in the initial order included most (if not all) divisions within the departments of Agriculture, Commerce, Energy, Health and Human Services, Homeland Security, Interior, Justice, State, Treasury, Veterans Affairs, and others.

Economy Remains a Primary Budget Driver Payscale’s study found that while most surveyed organizations (66%) anticipate their compensation budget will remain the same, those that forecast an increased budget or a decreased budget generally pointed to economic factors as the core reasons for a shift.

For WorldatWork Members Salary Budget Planning Guide , tool;Salary Budget Planning: Using Market Data to Formulate a Recommendation Report , tool;Compensation Structure Policies and Practices , research;The Potential Dangers of Aggregated Statistics , Journal of Total Rewards article;A New Way to Evaluate Performance-Compensation Strategy , Journal of Total Rewards article; For Everyone 2025-2026 Salary Budget Survey , research;WorldatWork: 2026 Salary Increase Budgets Project U.S., Global Caution , Workspan Daily article;Workers Are Seeking Greener Pastures, and Higher Pay Is the Driver , Workspan Daily article;Salary Budget Planning Playbook: Data, Strategy and Insights for the Year Ahead , on-demand webinar;Essentials of Compensation Management , course; U.S. employers anticipate having 3.6% higher salary increase budgets in 2026, the same year-over-year increase percentage they actually secured and provided in 2025, according to the results of the

7,422 Inflation, Labor Market Drive Merit Pay Increases for 2024 7,154 Reports: 2024 Pay Increases Projected to Exceed Inflation 7,015 Conference Board Projects 3.9% Salary Increase Budgets for 2025 6,340 Mercer Projects 3.6% Total Salary Increase Budgets in 2025 4,760 Global Salary Increase Budgets Contracting; U.S.