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: