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Poll results

Sponsored by: GoNetspeed, a fiber internet provider

With the approach of a new year come new budgets — and for some workers, new expectations about what they'll find in their paychecks.

A recent survey of U.S. employers by consulting firm Mercer found they plan to raise budgets for nonunion compensation by an average of 3.5% in merit increases and 3.9% overall during 2024. 

Those numbers are slightly less than the increases employers have actually shelled out in 2023.

Budgeting is a calculated risk. Going into 2024, the labor market is still tight and workers still exert leverage. However, inflation is less of a concern and layoffs have been soaring.

Overall, how is your business planning to adjust employee pay in 2024?
We're budgeting for one of our largest increases ever in pay. (7%, 9 VOTES)
We're budgeting for a significant increase in what we spend on raises. (21%, 29 VOTES)
We're budgeting to give raises, but at about the same level as we usually do. (64%, 87 VOTES)
We're budgeting for a significant decrease in what we spend on raises. (6%, 8 VOTES)
We're budgeting for one of our largest decreases ever in pay. (3%, 4 VOTES)
Poll Description

Sponsored by: GoNetspeed, a fiber internet provider

With the approach of a new year come new budgets — and for some workers, new expectations about what they'll find in their paychecks.

A recent survey of U.S. employers by consulting firm Mercer found they plan to raise budgets for nonunion compensation by an average of 3.5% in merit increases and 3.9% overall during 2024. 

Those numbers are slightly less than the increases employers have actually shelled out in 2023.

Budgeting is a calculated risk. Going into 2024, the labor market is still tight and workers still exert leverage. However, inflation is less of a concern and layoffs have been soaring.

  • 137 Votes
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