This article was provided by Mercer.
It’s the start of another new year and the latest employer forecasts for 2024 salary increase budgets are in, along with insights on promotions, off-cycle increases, salary structure adjustments, and some hot topics such as pay transparency. How does your plan compare?
Merit and total increase budgets
Both merit and total increase budgets are relatively unchanged from the last time we conducted the Canada Compensation Planning Survey in August.
