After several years of aggressive wage growth fueled by inflation and competition for talent, compensation projections for 2025 show signs of cooling.
The average base salary increase is expected to range from 3.4 per cent to 3.7 per cent, according to recent surveys.
The national average base salary increase for 2025 is projected at 3.6 per cent, excluding planned salary freezes, reports Eckler. That marks a drop from projected increases of 4.2 per cent for 2022 and 3.8 per cent for 2023.
