Compensation Force: More Early Predictions for 2008 Salary Increases

None of the big salary planning surveys have yet released any formal results for 2008, but Mercer HR and Hewitt Associates shared preliminary findings for a recent CNN/Money article which suggest that base pay will increase by an average of 3.8% in 2008. This is slightly higher than the figures published about a month ago by CompData Surveys.

Stay tuned - I anticipate that Mercer, Hewitt and WorldatWork will be releasing more salary planning information in the coming weeks.

Posted by Ann Bares on July 09, 2007 at 10:41 AM | Permalink

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In light of what appears to be a recession on the horizon are there any noticable changes in the orginal base pay increase projections of of 3.8%?

We are proceeding with our projected amount of 4% but am curious like Jerry to know if it has changed.

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Compensation consultant Ann Bares is the Managing Partner of Altura Consulting Group. Ann has more than 20 years of experience consulting with organizations in the areas of compensation and performance management.