WorldatWork released top level results from its annual salary budget survey yesterday, data which features the actual 2012 and projected 2013 salary increase practices of over 4,200 respondents worldwide.
United States
For the U.S., on the surface, things aren't projected to change much. Given our persistent high unemployment and continued economic challenges, it probably comes as a surprise to no one that we expect to continue hovering around the 3% level.
Other Countries
Canada and the European countries reported join the U.S. in predicting continued low salary growth (outdone in this regard only by Japan, which comes in at the lowest among the nations surveyed). India and China, again not a surprise, report the highest levels of increase -- although one wonders whether they will sustain those trajectories (and indeed, their 2013 projections suggest some softening) in the face of the growth challenges faced by both countries.
More details and the top level WorldatWork report itself can be found here.
The good news is that the US inflation rate and consumer prices have been flattening the last couple of months, which means more net increase than when inflation is higher ultimately wiping out any merit increase.
Posted by: Mercedes | July 16, 2012 at 11:09 PM
Important point, Mercedes - thanks for making it here!
Ann
Posted by: Ann Bares | July 21, 2012 at 10:56 AM