Will Salary Budgets Increase in 2022?
Organizations generally set their salary increase budgets in the fourth quarter, or earlier, of each year for the following year, e.g., 2021 for 2022. In 2021, salary increase budgets were projected to be between 3% and 3.2%. However, with the rising rates of inflation, employers are currently rethinking their 2022 salary increase budgets. What we … more »