Newport Group’s Compensation Consulting team is issuing their 2017-2018 Compensation, Retirement and Benefits Trends Report
this month. The survey features key survey data as well as commentary and analysis of the latest trends and strategies for managing compensation, retirement and benefits programs. Here’s a sneak peek at some of the findings in this year’s survey.
- Overall median salary increases for 2018 are expected to stay rather flat, with 2017 levels at 3.0%.
- Merit budget dollars continue to be allocated to differentiate high performers, with higher performers receiving an average approximate 4.5% adjustment.
- The large majority (80%) of employers project their retirement plan contribution to remain the same as the previous year, with approximately 14% of employers projecting an increase as compared to the previous year.
- Over half of organizations with non-qualified plans found them to be “critical” or “very important” in supporting executive retention and as a financial planning tool for the executive group in tandem with the tax efficiencies offered.
For more information, be sure to register for our January 25, 2018 webinar where Newport Group will share key results from this year’s survey. Click here to sign up.
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