- 40% expect to provide higher salary increases than for 2022
- More than one-third of respondents provided higher than normal merit increases in 2022
- Almost 20% provided off-cycle base salary adjustments this year
- 20% of respondents recently increased short-term and/or long-term incentive (LTI) award opportunities for executives, along with a rise in the number of employees eligible to participate in long-term programs
- 15%-20% of respondents recently increased or plan to increase competitive positioning versus the market for one or more executive pay components
- Among the respondents that grant LTI awards to executives, 67% expect to provide similar grant-date values for 2023 as compared to 2022, while 20% are forecasting higher values
Conducted August-September 2022, more than 300 board directors, c-suite leaders, and senior HR practitioners provided current and projected compensation data for the survey. For your convenience, I have attached the full news release. For additional insight into the survey data, if you would be interested in speaking with the managing directors responsible for the survey, I can gladly arrange that.
Shawn-Laree O'Neil
773-802-0377
shawnlaree@gmail.com
