Employers are expected to give an averaged 3% raise in base pay in the coming year, with top performers seeing as much as an 8% increase, thanks in part to a strengthening economy and growing job market.
According to Mercer, the average raise in base pay is expected to be 3% in 2015, up slightly from 2.9% in 2014, 2.8% in 2013 and 2.7% in 2012. In addition to the expected trend toward increased salaries, Mercer notes top-performing employees can expect to see as much as an 8% increase in base pay as companies continue to focus on retaining and engaging the best talent.
