Got Salary Envy?
Raises and Bonuses on the Rise?
Most executives (71 percent) reported that their total annual compensation increased this year compared to one year prior. (Last year, that figure was 61 percent.)
What raises were given? The largest percentage (34 percent) reported an increase in total compensation of 3 percent to 4 percent—or what most industries call “the industry standard.” That is 2-percent more than the number who reported the same increase last year. More respondents this year also reported increases in total compensation of 10 percent or more, as well as of 5 percent to 9 percent. The only category that dropped this year was those reporting an increase of less than 3 percent, which dipped slightly from 10 percent last year to 9 percent this year.