Setting the annual salary increase budget involves a delicate balancing act. Employers must carefully weigh market projections, internal financial constraints, and the competitive landscape. Factors like the availability of talent in specific areas, employee...
Employers budget for annual salary increases in Q4 of each year based on market projections, and affordability. Multiple organizations collect the projected data and provide information by type of increase and by other company demographic data, such as industry and...
Over the past couple of months several clients have asked for guidance on how to plan and budget for employee (non-union) salary increases in 2022. These questions arose from a confluence of challenges facing museums, including: High inflation, currently around 8%...
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