Annual Compensation Planning Analysis Flat, Consistent with Last Year’s Results

Abstract

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