40% expect pay raises greater than 6% this year. 31 % expect increases of more than 8%. 21 % anticipate receiving pay bumps of more than 10%. For U.S. employers, a 5% salary bump has become typical for 2022, according to a Salary.com survey showing that most U.S. organizations (73%) were targeting a payroll budget increase of 4% or more this year, and a plurality of organizations (43%) grew their merit salary increase budgets by 5% or more. Manage salary expectations with a pay strategy. A 2022 survey of 5,000 U.S. workers conducted by Grant Thornton LLP found that among the respondents:
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