Salary Budget 2021: HR & Compliance Center Survey Report

Introduction

The salary budget-setting process for 2021 is likely the most difficult for employers since the Great Recession, as a tumultuous 2020 battered the economy and it remains unclear what kind of recovery lies ahead next year. In this survey report, HR & Compliance Center dives into this crucial topic, covering key aspects such as expected increases in salary budgets from 2020 to 2021, influences on the salary budget-setting process, timing of planning and implementing salary budgets, performance metrics for salaries, and bonuses.