US Salary Increase Budgets for 2020 | The Conference Board
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US Salary Increase Budgets for 2020


November 2019 | Research Report

Results from The Conference Board Annual Salary Increase Budgets Survey indicate that the median 2019 actual total salary increase budgets and merit increases across all employee groups are 3.00 percent. The 2019 weighted average for actual total salary increase budgets including exempt, executive, and non-exempt salaried employees is 3.19 percent. These averages have been growing very gradually for the past eight years. The Conference Board currently projects the 2019 and 2020 inflation rates to be 1.8 and 2.2 percent, respectively.


AUTHORS

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Judit Torok

Senior Research Analyst

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Gad Levanon, PhD

Vice President, Labor Markets
The Conference Board

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Frank Steemers

Economist
The Conference Board


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