Results Released: 2024 Pay Projection Survey

By Monica Sorenson, PHR, SHRM-CP, Survey Manager
Published October 1, 2024

Amid concerns of inflation, marketplace competition, and looming pay transparency provisions, employers have been working diligently on updating their compensation systems, addressing any internal pay equity issues they may have, and benchmarking their jobs and benefits regularly. 

As always, we’ve got your back! We’re excited to announce the release of our annual 2024 Pay Projection Survey. This insightful survey helps employers effectively budget and administer pay increase programs. 

2024 actual pay increases and 2025 projected pay increases by employee category follow: 

We’d like to thank the 132 organizations who participated this year. The full survey is available to all HR Source members.  

Our compensation professionals also stand ready to answer your questions and help with compensation planning and pay range development. Please give us a call at 800-448-4584 or email us at info@hrsource.org.