How are salary trends likely to scale in 2014?
In 2014, merit pay increases for exempt employees will continue in a fairly low range: 2.8 percent to 3.1 percent. That’s the consensus of compensation trends predicted by seven organizations surveyed by Kutchins, Robbins & Diamond.
And that typical increase of about 3 percent is roughly 1 percent below the pre-recession average, according to a report from the Society for Human Resource Management (SHRM).
One thing’s for sure: Workers aren’t entirely satisfied with their downsized wage increases. But where do the realities of the economy and the labor market leave employers and staffing firms as they enter 2014 salary negotiations?
Here are eight top takeaways on 2014 salary trends