US salary budgets expected to remain the same in 2025

Despite today’s tight labor market and relatively low unemployment, organizations hold firm on pay raisesNEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Although fewer organizations report difficulty with attraction and retention, salary increase budgets at U.S. companies are projected to remain at the same level as last year. While salary increase budgets are stabilizing, with 2025 planned increases projected to be 3.7% on average compared with the 3.8% average budget awarded in 2024, they remain higher than t ...