2021-2022 Salary Budget Survey: Key Insights for Compensation Professionals
- The 2021 salary budget season is approaching, and the Payscale Salary Budget Survey provides valuable insights into compensation trends and data-driven projections.
- The survey shows that businesses are becoming more confident in pandemic recovery and are pivoting to concerns of a tight labor market.
- The proportion of businesses planning to increase their salary budget has doubled since last year, while the proportion of respondents planning to lower their budget has dropped significantly.
- The survey reveals the agility and responsiveness of the compensation community and highlights the importance of data-driven decisions in building compensation strategies.
- The results of the survey provide valuable information for HR and compensation professionals to make informed decisions about talent strategies and compensation budgets.
