Research Report | Dec 2021
2022 Projected Base Salary Increase
Are companies amending their previously planned merit budgets and/or offering other base pay increases for the coming year?
Pearl Meyer conducted this survey to help participants understand whether or not companies are amending their previously planned merit budgets for 2022, given the growing concerns about rising inflation and increasing competition for talent.
The survey was conducted in November and December of 2021, with total participation of 339 companies, including 179 publicly traded, 109 private-for-profit, and 51 not-for-profit (NFP) organizations. It is broken into two sections with results for all participating firms and a closer look at the 50% of organizations with projected 2022 pay increases that are higher than originally expected earlier this year.