We're celebrating 10 Days of Membership! Today's Gift: Receive $20 to Amazon.com with a professional membership with promo 10DAYSAM
Training, policies and tools to help HR prevent and respond to harassment claims.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Develop your HR competencies and knowledge in-person in 12 U.S. cities or virtually.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
Emerging giants led among survey group in 2014 total salary budget hikes
India, China and Brazil averaged the highest 2014 total salary budget increases at 10.5 percent, 8.2 percent and 7.2 percent, respectively, among the 17 countries surveyed by total rewards association WorldatWork. The three countries are projecting similar salary increase budgets for 2015, according to preliminary findings from the WorldatWork 2014-2015 Salary Budget Survey, released July 8, 2014. The full survey results will be available in August.
Of the surveyed countries, only Australia and Italy reported a drop in budgets, each by a tenth of a percentage point. The reported 2014 average total salary budget increases by country are:
Alison Avalos, research manager for WorldatWork, said in a news release that the differences in planned pay increases between surveyed countries reflect the variance in economies and labor markets around the world. She explained that countries reporting the highest salary-increase budgets are not necessarily economic leaders and that developing countries experiencing a tight labor market, or those subject to mandatory pay increases, will generally report the highest salary hikes.
Avalos went on to say that, “since WorldatWork started gathering global data [in 2012], the rate of growth for all countries has been limited, indicating that there has been no major change in the degree of upward pressure on wages for any surveyed country.”
Roy Maurer is an online editor/manager for SHRM.
Follow him at @SHRMRoy
SHRM Online Global HR page
Keep up with the latest Global HR news
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Five key facts about High-energy visible (HEV) a.k.a. “blue light”
Choose from dozens of free webcasts on the most timely HR topics.
SHRM’s HR Vendor Directory contains over 3,200 companies