With 2016 knocking on our door (already?!), pay increase budgets are a hot topic. Employers know that keeping budgets in-line with an industry average, or above it, can be key to retaining top talent. That's why, over the next several days, we'll be releasing projected 2016 pay increase budgets for several industries. When it comes to the manufacturing and distribution, here is what employers are projecting for pay increase budgets in 2016:
Want to share this info? Share our full blog post using the buttons above or tweet some of the stats:
From @CompdataSurveys, #manufacturing & #distribution employers project an average 2016 #payincrease of 2.9% #hr #compensation
How does this match up with your pay increase budgets for 2016? Comment below or tweet us!
All data is from Compdata Surveys' 2015 Compensation Data Manufacturing & Distribution results. With information collected from nearly 25,000 manufacturers and distributors with nearly 24 million employees, we provide a comprehensive look at benefits and pay practice information.