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Merit increase budgets remain flat at 3.2% median, suggesting companies are choosing a "conservative and consistent" approach over reactive cost-cutting.
The Pacific Northwest is anticipating some of the highest merit increases, likely influenced by inflation that leads the national average.
In spite of (or driven by) labor market volatility executive job levels are anticipating the highest promotional increases (8% non-exempt to 20% executives).
— Dwight Brown, Vice President, Compensation Consultant
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