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Most companies are just beginning to think about increase budgets
Budgets continue to rise
Employers are paying more
Per capital pay has increased by 4.0% with variations by industry
calculated for the first 6 months of 2022
Off cycle increases are being used for a variety of reasons
95%
Based on individual performance
34%
Based on individual potential
79%
Based on internal equity
26%
Based on Total Compensation delivered
76%
Based on relationship of current salary level to new grade midpoint or market value
4%
Other
44%
Based on an individual's skills
2%
No factors considered; across the board salary inccrease (i.e., equally distributed)
Salary structures are being adjusted
2023 Projected (excluding 0s)
All numbers are averages and include zeros unless otherwise noted.
Africa