The average salary increase in 2015 was 2.7%, according to a Society for Human Resource Management (SHRM) report.
In its Human Capital Benchmarking Report, SHRM analyzed data from its benchmarking database, which contains organizational data from a random sample of the organization’s members. The salary increase information was collected in early 2016 from 1,143 employers.
The report found that employee salaries account for 43.5% of companies’ operating expenses, on average. It also said that the average cost per hire is $4,129 and the average time it takes to fill a position is 42 days. Employees stay with an employer for an average of 8 years, according to the report.
SHRM also looked at employee benefits and found that 92% of employers offered a 401(k), 403(b), or similar plan. Read more.
More results from this survey are featured in the infographic below.
