Got Salary Envy?
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.
In this year’s study, 50 percent of respondents reported receiving additional cash compensation from their employer during the 12 months ending April 1. Last year, that figure was 44 percent.
The amount of compensation varied from less than $2,500 to $50,000 or more.