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19 SEPTEMBER 2024
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TranscriptThe Conference Board annual Salary Increase Budget has dropped -- and so have interest rates. To what extent are companies planning to increase employee base pay next year, and how do those plans differ across industries?
Diana Scott and guest Rita Meyerson, Principal Researcher in the Human Capital Center, spoke yesterday about what this year’s survey data show, and how the Fed’s first interest rate cut in four years could affect budgets for salary increases in 2025.
(00:34) Overview of Salary Budget Planning
(00:45) Details of the Annual Survey
(03:59) Survey Results and Trends
(08:00) Industry-Specific Insights
(11:03) Economic Factors and Wage Impact
(18:30) Equity and Recognition in Compensation
(24:53) Pay Equity and Transparency
(26:30) Conclusion and Final Thoughts
For more from The Conference Board:
C-Suite Perspectives is a series hosted by our President & CEO, Steve Odland. This weekly conversation takes an objective, data-driven look at a range of business topics aimed at executives. Listeners will come away with what The Conference Board does best: Trusted Insights for What’s Ahead®.
C-Suite Perspectives provides unique insights for C-Suite executives on timely topics that matter most to businesses as selected by The Conference Board. If you would like to suggest a guest for the podcast series, please email csuite.perspectives@conference-board.org. Note: As a non-profit organization under 501(c)(3) of the IRS Code, The Conference Board cannot promote or offer marketing opportunities to for-profit entities.
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