Want to Read More? To continue reading this article, please Log in or Register Now

Salary Budget 2021: XpertHR 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, XpertHR 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.