Findings from the 2022 Mid-year Compensation Actions Survey
66% of organizations have increased recruitment efforts in 2022. Only 6% decreased recruitment activity.
Employers are most likely to experience difficulties attracting or retaining talent in these groups:
Percentages indicate “to a moderate or great extent”
Percentages indicate “taking action”
On average, organizations have taken one action and are planning/considering two additional actions
Action taken | Planning action | Considering action | |
---|---|---|---|
Further increased/Will increase the focal annual salary budget for 2022 | 23% | 14% | 30% |
Budgeted/Will budget additional funds to make salary adjustments throughout year as needed | 22% | 13% | 33% |
Have used/Will use retention bonuses more extensively | 21% | 7% | 30% |
Adjusted/Will adjust the salary ranges (minimums, midpoints, maximums) more aggressively | 18% | 16% | 30% |
Have increased/Will increase variable compensation | 8% | 6% | 24% |
Have/Will deliver more frequent salary adjustments | 7% | 7% | 24% |
Base salary increased by about 1% of payroll
*Based on respondents who’ve increased or plan to increase their focal annual salary budgets
These organizations are most likely to target:
How many times per year are employers delivering increases?*
Organizations that enhanced or are planning to enhance retention bonuses focus on:
Organizations that increased or plan to increase the use of variable compensation focus on:
*Based on employers providing or planning to provide increases more frequently
Source: The 2022 Mid-year Compensation Survey, North America results. A total of 884 employers participated in the survey, which was conducted between May 26 and June 7, 2022. Respondents employ 15 million employees across a range of industries.
Title | File Type | File Size |
---|---|---|
Infographic: Employers rethink work and rewards to address labor, inflation worries | .2 MB |