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Salary increase planning • Salary freezes What’s new in 2023?
made easy. • Promotional salary increases
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Everything you need to know September.
about salary increase budgets, • GCPR Online Industry will include access to all
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economic indicators, promotional Sciences, Manufacturing, Technology) in one
increases and more. online tool.
Data topic Jan 2023 Mar 2023 Jun 2023 Sep 2023
Historical trends
Salary practices
Salary freezes
Promotional increses
Note: Quarterly updates are based on market availability; industry data are not available for all markets.
Note: Unemployment estimates and projections that are based on the World Employment and Social Outlook Trends are subject to a considerable degree of uncertainty due to
COVID-19. Country data published after the date of the publication of these estimates could differ. Click here for more information on inflation.
Global
Region Compensation Planning (GCPR) Month | Sample
Excel
Economic indicators
Global
GlobalCompensation
CompensationPlanning
Planning(GCPR) Month
(GCPR) | Sample
Month | Sample
Region Sub region Market Year GDP change GDP data status Inflation rate Salary practices
©2022 Mercer LLC.
Economic indicators
1 EUR = 1.00 EUR
Economic Indicators
Region 1 Sub Region 1 Market 1 2021 10.2% Estimated 0.7% Estimated 9.3% Estimated
Region 1 Sub Region 1 Market 1 2022 4.0% Estimated 3.2% Estimated 9.2% Estimated
Salary increase frequency Most common salary increase effective month
Region 1 Sub Region 1 Market 1 2023 3.0% Forecast 3.6% Forecast 8.1% Forecast data
Unemployment
Region Sub region Market Year GDP change GDP data status Inflation rate Inflation data status Unemployment rate
Region 1 Sub Region 1 Market 2 2021 10.2% Estimated 0.7% Estimated 5.2% status
Estimated
Region
Region 1
1 Sub
Sub Region
Region 1
1 Market
Market 1
2 2021
2022 10.2%
4.0% Estimated
Estimated 0.7%
3.2% Estimated
Estimated 9.3%
4.5% Estimated
Estimated
Region
Region 1
1 Sub
Sub Region
Region 1
1 Market
Market 1
2 2022
2023 4.0%
3.0% Estimated
Forecast 3.2%
3.6% Estimated
Forecast 9.2%
4.0% Estimated
Forecast
Region
Region 1
2 Sub
Sub Region
Region 1
2 Market
Market 1
1 2023
2021 3.0%
10.2% Forecast
Estimated 3.6%
0.7% Forecast
Estimated 8.1%
9.3% Forecast
Estimated
Region
Region 1 Sub
Sub Region
Region 1 Market
Market 2 2021 10.2% Estimated 0.7% Estimated 5.2% Estimated
Sample Data
2 2 1 2022 4.0% Estimated 3.2% Estimated 9.2% Estimated
Region
Region 1
2 Sub
Sub Region
Region 1
2 Market
Market 2
1 2022
2023 4.0%
3.0% Estimated
Forecast 3.2%
3.6% Estimated
Forecast 4.5%
8.1% Estimated
Forecast
Region
Region 1
2 Sub
Sub Region
Region 1
2 Market
Market 2
2 2023
2021 3.0%
10.2% Forecast
Actual 3.6%
0.7% Forecast
Actual 4.0%
5.2% Forecast
Actual
Region
Region 2
2 Sub
Sub Region
Region 2
2 Market
Market 1
2 2021
2022 10.2%
4.0% Estimated
Actual 0.7%
3.2% Estimated
Actual 9.3%
4.5% Estimated
Estimated
Sample Data
Region
Region 2
2 Sub
Sub Region
Region 2
2 Market
Market 1
2 2022
2023 4.0%
3.0% Estimated
Actual 3.2%
3.6% Estimated
Actual 9.2%
4.0% Estimated
Forecast
Region
Region 2
3 Sub
Sub Region
Region 2
3 Market
Market 1
1 2023
2021 3.0%
10.2% Forecast
Estimated 3.6%
0.7% Forecast
Estimated 8.1%
9.3% Forecast
Estimated
Region
Region 2
3 Sub
Sub Region
Region 2
3 Market
Market 2
1 2021
2022 10.2%
4.0% Actual
Estimated 0.7%
3.2% Actual
Estimated 5.2%
9.2% Actual
Estimated
Region 3
Region 2 Sub Region
Sub Region 3
2 Market 1
Market 2 2022
2023 4.0%
3.0% Actual
Forecast 3.2%
3.6% Actual
Forecast 4.5%
8.1% Estimated
Forecast
Economic indicators Salary increases Promotional practices Exchange rates
Region 3
Region 2 Sub Region
Sub Region 3
2 Market 2
Market 2 2023
2021 3.0%
10.2% Actual
Estimated 3.6%
0.7% Actual
Estimated 4.0%
5.2% Forecast
Estimated
Region 3
Region 3 Sub Region
Sub Region 3
3 Market 2
Market 1 2021
2022 10.2%
4.0% Estimated
Estimated 0.7%
3.2% Estimated
Estimated 9.3%
4.5% Estimated
Estimated
Region 3
Region 3 Sub Region
Sub Region 3
3 Market 2
Market 1 2022
2023 4.0%
3.0% Estimated
Forecast 3.2%
3.6% Estimated
Forecast 9.2%
4.0% Estimated
Forecast
Region
Region 3
4 Sub
Sub Region
Region 3
4 Market
Market 1
1 2023
2021 3.0%
10.2% Forecast
Estimated 3.6%
0.7% Forecast
Estimated 8.1%
9.3% Forecast
Estimated
©2023
Region
Mercer LLC. Sub Region 3 30.7%
Region 3
4 Sub Region 4 Market
Market 2
1 2021
2022 10.2%
4.0% Estimated
Estimated 3.2% Estimated
Estimated 5.2%
9.2% Estimated
Estimated
Region
Region 3
4 Sub
Sub Region
Region 3
4 Market
Market 2
1 2022
2023 4.0%
3.0% Estimated
Forecast 3.2%
3.6% Estimated
Forecast 4.5%
8.1% Estimated
Forecast
Region
Region 3
4 Sub
Sub Region
Region 3
4 Market
Market 2
2 2023
2021 3.0%
10.2% Forecast
Estimated 3.6%
0.7% Forecast
Estimated 4.0%
5.2% Forecast
Estimated
©2022 Mercer LLC. 14 Global Compensation Planning — Sample
Region
Region 4
4 Sub
Sub Region
Region 4
4 Market
Market 1
2 2021
2022 10.2%
4.0% Estimated
Estimated 0.7%
3.2% Estimated
Estimated 9.3%
4.5% Estimated
Estimated
Region
Region 4
4 Sub
Sub Region
Region 4
4 Market
Market 1
2 2022
2023 4.0%
3.0% Estimated
Forecast 3.2%
3.6% Estimated
Forecast 9.2%
4.0% Estimated
Forecast
Global Compensation Planning (GCPR)
Current release: March 2023 | Next release: June 2023
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