Merit Increases, the Changing Economy, and Remote Work
 
Merit_Increases_the_Changing_Economy_and_Remote_Work_Fall_2024 - cover page

Inside This White Paper

xXx Find out more about our salary information and cost-of-living data for thousands of job titles and locations around the world. xXx
Merit Increase Policies & Planning

The survey found that most organizations have a merit increase policy that is influenced by performance, the labor market, inflation, and cost of living. ERI SalaryExpert examines how these organizations approach their policies, strategies, and philosophies for merit increases. 

Compensation & Workforce Planning

Organizations indicated that economic factors, such as inflation, are also playing a role in shaping their compensation decisions and workforce planning. While most organizations are settling into established compensation practices, ERI SalaryExpert’s survey provides a detailed analysis of the adjustments being made to employee salaries and benefits considering these economic gauges. 

Remote Work Trends & Practices

While remote work remains an option for many organizations, there is a noticeable trend toward implementing return-to-office policies in the post-pandemic landscape. ERI SalaryExpert’s findings highlight the evolving approaches to remote work, revealing how organizations are balancing workforce flexibility and business needs. 

Merit Increases, the Changing Economy, and Remote Works

Compensation Data From SalaryExpert

We have salary information and cost of living data for thousands of job titles and locations around the world.
Screen Shot 2020-08-10 at 3.46.59 PM
Screen Shot 2020-08-10 at 3.46.51 PM
Screen Shot 2020-08-10 at 3.46.54 PM
Screen Shot 2020-08-10 at 3.46.56 PM

About SalaryExpert

SalaryExpert, powered by ERI, was launched in 2000 with a mission to provide employers, human resource professionals, and job seekers with compensation data. Backed by over 30 years of verified and reliable salary data, SalaryExpert draws on ERI’s expertise in salary and cost of living data to provide the public with excellent tools for evaluating career, relocation, compensation, and education decisions. We want to make your compensation planning and career evaluation easier with access to salary survey data for more than 8,500 locations, 1,100 industries, and 11,300 jobs including 800 executive positions.
Group 533@2x

Our Process

Data are gathered from 3 sources: surveys we conduct, surveys purchased from other organizations, and reports from publicly traded organizations.

SalaryExpert conducts advanced analytics to accurately capture the market value of each occupation in our salary survey database

Explore SalaryExpert’s wage, salary, and compensation databases of over 11,000 job titles, 1,100 industries, and 8,500 locations.

After compiling the data, we conduct QA to ensure data are of the highest quality.

SalaryExpert analysts double-check the results for each job every quarter.

Data Collection

Data are gathered from 3 sources: surveys we conduct, surveys purchased from other organizations, and reports from publicly traded organizations.

Data Verification

After compiling the data, we conduct QA to ensure data is vetted, verefied, and of the highest quality.

Analysis

SalaryExpert conducts advanced analytics to accurately capture the full scope of each occupation in our salary survey database.

Quality Assurance

SalaryExpert analysts double-check the results for each job every quarter. Our verified salary survey information helps set the benchmark pay.

SalaryExpert Results

Explore SalaryExpert’s wage, salary, and compensation databases of over 11,000 job titles, 1,100 industries, and 8,500 locations.