Nationwide Survey Reveals Projected Salary Budget Growth in 2018

October 25, 2017 • Zach DiSchiano

Base salaries for U.S. employees are expected to rise 3.1 percent in 2018, slightly above actual 2017 levels, according to an annual WorldatWork survey.

State salary budget increases for 2017 showed little variance from 2016. Increases ranged from 2.9 percent to 3.1 percent, with the median at 3 percent. In urban areas, increases ranged from 3 percent to 3.3 percent.
Survey respondents are awarding general salary increases to 89 percent of employees in 2017. The percentage of organizations using variable pay increased for the third consecutive year by one percentage point, up to 85 percent in 2017.

According to a WorldatWork news release, the plateau in growth may be attributed to the increase of variable pay or non-cash based rewards. Governmental regulations also may have made an impact on salary growth. However, despite the overtime rule getting blocked, many organizations had already implemented the changes and chose to keep them in place.

For more information on the survey, visit the WorldatWork website

Tagged: Compensation