Planning Global Compensation Budgets for 2024 - March Update
PlanningGlobalCompensationBudgets_2024 March update_COVER

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
Global Economic Outlook
As we start 2024, assessing historical salary trends alongside local economic markers, such as unemployment rates, GDP, and inflation can be informative for upcoming salary planning. Our exploration begins by reviewing key global compensation trends outlined in the recent World Economic Outlook (WEO) report by the International Monetary Fund (IMF). The 2024 salary increases in this report have been updated with the most current data available.
Key Observations

Observe salary increase projections in the Americas, Asia Pacific, and EMEA (Europe, Middle East, Africa) for 2024 and how they compare to previous years to make better salary budgeting decisions.

Conclusion

While global inflation is expected to gradually decrease, with significant declines in some places where inflation remained elevated in 2023, challenges persist, including China’s property crisis and volatile commodity prices, influencing global economic recovery trajectories.

PlanningGlobalCompensationBudgets_2024 March update_GRAPHIC

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.