Merit increase budgets continue to rise in the global CRO industry, according to a study conducted by HR+Survey Solutions. The survey found the overall global (all countries combined) average budgeted salary increase for 2015 is 4.14%, up from 3.94% in 2014, and significantly higher than the overall average actual increase in 2014 of 3.7%.
The survey also found:
On average, companies actual 2014 merit increases were 0.25 percentage points less than budgeted
Hong Kong had the largest gap between actual and budgeted in 2014, with the average actual merit increase 0.85 percentage points below budgeted
Argentina had the biggest increase between budgeted and actual in 2014, with actual merit increase averaging 0.65 percentage points above budgeted
Belgium had the lowest actual merit increase in 2014 at 1.7%.
The 2014-2015 CRO Industry Global Salary Planning Survey, conducted by HR+Survey Solutions, a specialty compensation consulting and research firm, provides industry compensation professionals with a clear picture of how salaries are increasing against planned budgets across the globe. Professionals utilize these data to keep abreast of trends in rapidly expanding employment markets.
