Week 25/52 '2022 /Compensation Bootcamp - Compensation Practices and Salary Increase Projections for 2022

[Dikshitha HR]

This Article speaks about Compensation Practices and Salary Increase Projections for 2022.Most organizations globally are reporting an uptick in their median total salary increase budgets for 2022 vs what they had planned in 2021.
> For example, the US median increases have risen from 3.0% (mid 2021) to 3.5% (as of now).
> The UK has gone from 2.5% to 3.0% (from earlier in 2021), Australia from 2.4% to 3.0%, Brazil from 6.1% to 7.4%, Turkey from 18% to 30%, Ukraine from 6.5% to 10.3%, and Russia from 5% to 7.5%.

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