Wages and salaries make up a large percentage of the fixed costs in any business or organization. Therefore, developing an accurate operating expense budget requires that changes in wages and salaries be accurately forecast and incorporated into the budgeting process. To predict changes in wages and salaries, employers often look to pay budget surveys that provide information on what other companies are budgeting for average merit pay increases and, when applicable, for general cost of living adjustments.

BLR conducts its own annual pay budget survey to provide you with the information you need. Listed below are links to results of our most recent surveys, along with a link to our Survey Resource Center.

In addition, BLR provides merit increase calculators to help you estimate how varied increase percentages will impact your salary budget.

 

        

 

CPI

 

Latest Period Current Prior Period A Year Ago 12 Month % Change
CPI-U May 2017 244.7

244.5

240.2 1.9%
CPI-W May 2017 238.6 238.4 235.3 1.8%


ECI Employment Cost Index:

Total Compensation 1Q 2017 128.3 127.2 125.4 2.3%
Wages & Salaries - Private Industry 1Q 2017 128.3 127.1 125.1 2.6%

Wages & Salaries - Civilian Workers

1Q 2017 127.6 126.6 124.5 2.5%
Benefits - Private Industry 1Q 2017 128.4 127.3 126.0 2.2%
Average Weekly Gross Wages Mar. 2017 $733.65 $734.50 $716.04 2.4%

CPI-U, US City Average,
All Items:

    

CPI-U, US City Average, All
Items Less Food and Energy:

 

NSA: +0.1% in May 2017

SA: -0.1% in May 2017

NSA: +1.9% since May 2016

Historical Data

Historical Data

Historical Data

    

NSA: +0.1% in May 2017

SA: +0.1% May 2017

NSA: +1.7% since May 2016

Historical Data

Historical Data

Historical Data

         

CPI-U, US City Average,
Medical Care:

   

CPI-W, US City Average,
All Items:

 

NSA: Unchanged in May 2017

SA: Unchanged in May 2017

NSA: +2.7% since May 2016

Historical Data

Historical Data

Historical Data

 

NSA: +0.1% in May 2017

SA: -0.2% in May 2017

NSA: +1.8% since Mat 2016

Historical Data

Historical Data

Historical Data

SA - Seasonally Adjusted     NSA - Not Seasonally Adjusted

 

 Key to Statistics:

CPI-U: Consumer Price Index for all urban consumers; the newer index representative of the buying habits of about 87% of the total U.S. population. (1982–84=100)

CPI-W: Consumer Price Index for urban wage earners and clerical workers; the older index covering only about 32%
 f the U.S. urban population.

ECI: Measures change in compensation per hour worked, including wages, salaries, and employer costs of benefits. (6/89=100)

Average Weekly Gross Wages and Average Hourly Wages:
Data relate to production workers in manufacturing and mining; construction workers; nonsupervisory workers in transportation, public utilities, and wholesale/retail trade; also finance, insurance, real estate, and other services. Accounts for approximately 80% of the total employees on private, nonfarm payrolls.

  

Surveys

Tools

 Webinars

Pay Budget Survey Summary -- 2017

Pay Budget Survey Summary -- 2016

Pay Budget Survey Summary -- 2015

Pay Budget Survey Summary -- 2014

Pay Budget Survey Summary -- 2013

Pay Budget Survey Summary -- 2012

Pay Budget Survey Summary -- 2011

Survey Resource Center

Calculators

Checklists

Forms

Policies

 

Compensation Strategies: How to Build a Market-Competitive Salary Structure that Retains and Attracts Your Best and Most Productive Employees

Differentiating Pay for Performance: A Step-By-Step System for Defining Your Needs, Metrics and Goals

Employee Rewards: How to Drive Engagement and Loyalty

Executive Rewards: How to Determine Benefits and Perquisites

Global Rewards: Practical Approaches to Successful Multinational Rewards Strategies

Implementing a Pay-for-Performance Program: How to Set Goals, Motivate Employees, and Drive Results

Incentive-Based Comp: How to Design and Install a Plan that Drives Peak Performance

Incentive Pay Plan Essentials

Knowledge- and Skill-Based Pay: Evaluating Which Is Right for Your Organization

Managing Pay for Performance: Tips to Strengthen the Link and Improve Results

Merit Increases: How to Accurately Budget for Performance-Based Raises

Merit Increases: How to Balance Budgets and Bumps in Performance-Based Salaries

Pay for Performance: Best Practices for Embracing the New Normal in Compensation Design

Pay for Performance: Keys to Engaging and Retaining Your Best Employees

Pay-for-Performance: Pros, Cons, and Assessing Whether It's a Good Fit for Your Organization

The State of Merit Increases: The Latest Options, Budgeting, & Communication Strategies

Total Rewards: How to Effectively Align Performance Management Systems with Total Compensation Programs

Total Rewards Strategies to Engage a Multi-Generational Workforce

Using Job Evaluations to Set Rewards: How to Align People, Positions, Performance, and Pay

           
Related Topics


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