Sibson’s 2014 Compensation Planning Analysis: Salary Increase Budgets Flat, Consistent with Last Year’s Results

New York (10/28/14) —  Sibson Consulting's Annual Compensation Planning Analysis indicates that salary-increase budgets will stay flat and relatively consistent with last year’s results.

“In 2014, salary-increase budgets were 3.0 percent for both executive and exempt jobs, up slightly from 2013 results, while non-exempt jobs remained at 2.9 percent,” commented Jason Adwin, Sibson senior vice president. “These results are still below pre-2008 levels, which were typically in the 3.5 - 4.5 percent range. For 2015, a 3.0 percent increase is projected across all job classifications.”

Sibson's Annual Compensation Planning Analysis of projected and actual salary-increase budgets and structure salary-range adjustments provides data for three broad job classifications—executive, exempt and non-exempt— in 11 distinct industry groups:

  • Banking and finance
  • Education
  • Health Services
  • Information Services/telecommunications,
  • Insurance
  • Manufacturing
  • Nonprofit
  • Retail
  • Services
  • Transportation
  • Utilities

To read the full report, please click here.

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Sibson Consulting (www.sibson.com), a member of The Segal Group, provides strategic human resources solutions to corporate and non-profit employers and professional service firms. Sibson's services include benefits, compensation, talent and performance management, communications, sales force effectiveness and change management. In 2014, The Segal Group is celebrating the 75th anniversary of its founding by Martin E. Segal.