Initial results from the September 2015 MHR RemData Remuneration Survey suggest that the levels of pay increases being awarded to staff are finally stabilising – albeit at levels which are well below those seen prior to 2010.
The latest results from our twice yearly survey (March and September) were released to licensed users on 11 September. As shown here that survey confirms that the average Base Salary Movement for both Top Executive staff and General Staff has stabilised at 3.7 percent and 3.4 percent respectively – the same levels as those recorded in September 2014, and very close to the levels recorded annually since 2011, as illustrated by the chart at the top of this page.
Perhaps more significantly, movement in Median Total Remuneration (which measures the level of change on underlying pay rates) have also returned to more “normal” levels, at 1.5 percent for Top Executives and 0.5 percent for General Staff. While these figures still show a high level of caution by employers in the face of ongoing financial constraints – and predictions of further recession – they do at least restore the traditional relativity with Average Base Salary movements.
In the past few years, while the Average Base Salary increases have been consistently around current levels, the Median Total Remuneration movement has been rather more volatile, showing some unusually high adjustments in some years, and even negative movement in others.
The cumulative result is that while Average Base Salary movement for existing staff remains consistently above the CPI rate, the movement in underlying median values is rather more conservative.
September survey Results:
Results of the MHR RemData remuneration survey were released to licensed users on 11 September 2015.
Contact MHR Global should you wish to discuss access to these results.