Purchase the  U.S. Results of the 2020 Salary
Increase and Turnover Study - Second Edition

Set Your 2021 Pay Strategy with Fresh Salary Budget Data

Setting the right budgets and targeting the right people matters. Amidst increased volatility with the ongoing impact of the COVID-19 pandemic, it’s more important than ever to use a data-driven approach to plan for your 2021 salary budget needs and set your pay strategy with confidence.

To help address this need, we're excited to release the U.S. results of our 2020 Salary Increase and Turnover Study - Second Edition, featuring input from 2,196 participating organizations on pay trends across the country. In this report, you will find critical insights on 2021 budget plans and the current hiring environment, as well as pay practices and performance management data.

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What is covered in the second edition of the 2020 report?

The first edition of the study, conducted from January through March 2020, provided projected salary increase budgets for 2020. The second edition which is now available provides actual 2020 salary increase budgets and turnover trends as well as projected budgets for 2021. The full table of contents includes:

• Budget and actual increases by employee group, industry and region (delivered in Excel)
  • Merit
  • General increases
  • Special adjustments
  • Promotional
• Turnover including sales by employee group, industry and state (delivered in Excel)
  • Overall
  • Voluntary
• Pay practices
  • Workforce planning;
  • Talent identification (e.g., high potentials, critical talent/key positions and top performers);
  • Performance management;
  • Pay increase philosophy and approach;
  • Salary increase freeze;
  • Promotions;
  • Special adjustments;
  • General increases - cost of living;
  • Structure movement; and
  • Regrettable turnover.

Images shown are for illustrative purposes only and may not reflect actual data.

Who participated in the study?

Nearly 2,200 companies in tens of industries participated in the second edition of our 2020 study, including: