CNN Money reported on a study by Towers Watson who surveyed more than 1,100 US companies.
98% of those surveyed plan an average of a 3.0% salary increases for exempt and nonexempt eemployees. Executives and management employees will average about 3.1%. According to the Towers Watson study: "...exempt workers who received the highest performance ratings were granted an average salary increase of 4.6% this year, about 77% larger than the 2.6% increase given to workers receiving an average rating. Workers with below-average performance ratings received salary increases of less than 1%."
Also noted in the CNN Money story was that 3% is well above the overall Consumer Price Index which is flat at 0.1%.
But it is not all about the money: “It’s no longer all about base salary. While our research consistently shows the importance of pay when employees decide to stay or leave an organization, we also know their decisions are not just about the money. Opportunities for career development, learning development and challenging work are top drivers of retention. It’s the value of the total package — compensation, benefits and non monetary rewards — that makes the difference. As a result, companies are paying closer attention to understanding how employees value these elements,”