Research Reports

Payscale’s 8th Annual Salary Budget Survey

In the 2023-2024 salary budgeting season, HR leaders and compensation professionals must determine their pay increase strategy for the coming year. Payscale’s 2023-2024 Salary Budget Survey (SBS) provides unparalleled insights on projected salary budget submissions from 1,757 organizations collected between May and June of 2023.

Payscale’s Salary Budget Survey features insightful analysis of data sourced directly from compensation professionals broken out by employee groups (non-exempt, exempt, managers, and executives), geographic segments, industry groups, and key firmographics. This includes actual salary increases from 2023, planned salary increase budgets for 2024, and salary structure increase budgets. The report also includes promotional increase budgets for the United States and Canada.

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