It may be time to ask for that raise, large US corporations are projecting an average base pay increase of 3.9% for next year.
Category
📺
TVTranscript
00:00It may be time to ask for that raise.
00:01Large U.S. corporations are projecting an average base pay increase of 3.9 percent for next year,
00:09up but lower than the 4.4 percent increase seen in 2023.
00:15The forecast is based on a survey of 300 compensation leaders,
00:19reflecting continued high wages driven by a tight labor market
00:23and efforts to retain employees against the backdrop of high inflation.
00:28Companies are expected to allocate pay raises for promotions and pay equity.