I also spotted some salary research worth noting.
According to WTW, employers plan to increase their salary budgets by an average of 4.1% next year. Surveys by Salary.com, Payscale, and WorldatWork place projected increases between 3.8% and 4.4%. That means most employees will see their earnings shrink next year after adjusting for inflation.
Why do we care?
Workers will work the same for less pay among rising costs. Coupled with the market data from the previous story, owners and managers who compete for talent should know that keeping talent is just as important. Are your planned salary increases… enough?