Today WorldatWork published advance top level U.S. data from its upcoming Salary Budget Survey. As the data is specified for members only, I will share only overall figures here. Actual salary budget increases for 2007 ended up at about 3.9%, averaged across all employee groups, and projected 2008 salary increases come out essentially the same, at 3.9%.
Based on this information and advance data recently released by Mercer and Hewitt, overall salary increase budgets for 2008 look to be in the 3.8% to 3.9% vicinity for general industry.
More coming as more data is released.
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