The latest Global Compensation Planning Report from Mercer highlights increases across most regions of the 100 countries studied. View the image below for a summary of the findings.
“Employers will remain cautious with pay raises in 2014, but employees, nevertheless, will benefit from a gradually improving relationship between economic growth and inflation,” says Niklaus Kobel, a Senior Researcher at Mercer. “The question is whether employees will recognize inflation’s diminishing bite out of pay increases or simply see pay increases on face value as smaller. This is an opportunity for employers to not only educate employees on pay and performance, but on pay increases relative to inflation.”
Infographic by Mercer Insights
For more information, visit www.imercer.com/products/2013/global-comp-planning.aspx.