ERI Economic Research Institute provides data trusted by the majority of Fortune 500 companies. With a PhD level in-house research and development team, ERI provides the most accurate and up-to-date salary and compensation data for companies of all shapes and sizes.
Download our Planning Global Compensation Budgets for 2024 white paper to learn about:
- Global Economic Outlook: As we start 2024, assessing historical salary trends alongside local economic markers, such as unemployment rates, GDP, and inflation can be informative for upcoming salary planning. Our exploration begins by reviewing key global compensation trends outlined in the recent World Economic Outlook (WEO) report by the International Monetary Fund (IMF). The 2024 salary increases in this report have been updated with the most current data available.
- Key Observations: Observe salary increase projections in the Americas, Asia Pacific, and EMEA (Europe, Middle East, Africa) for 2024 and how they compare to previous years to make better salary budgeting decisions.
- Conclusion: While global inflation is expected to gradually decrease, with significant declines in some places where inflation remained elevated in 2023, challenges persist, including China’s property crisis and volatile commodity prices, influencing global economic recovery trajectories.
Feeling inspired? Share these insights on social.
Gain Access
