This section will be updated periodically providing reference information that you may find useful.
2018 Salary Planning Data – updated August 2017
2018 salary increase budgets are projected to be in the 3% range (see attached detail). There are variations by industry and occupations. The one notable exception to the 3% figure are the Feds where the GS wages and schedule is currently budgeted at 1.9%. Incentives continue to grow as an integral part of employee compensation in both the private and non-profit sectors.2017 HR and Organization Planning Factors
|Federal spending and moderate Federal Reserve policy change will support continued economic expansion||Growth in health care and related industries|
|AHCA will stay in place with modest changes to coverage and some cost reduction initiatives||Marginal increases in productivity dampen salary increase budgets|
|Assessment of and reduction in Federal and Red State regulations and penalties for non-compliance||Shifting employee's health insurance to government exchanges until change in AHCA|
|Modest economic growth coupled with job growth concentrated in service and high-tech jobs||Continued skill shortages for high-tech and craft workers|
|Replacement of low to mid-level jobs with capital equipment, software, AI; positive impact on productivity, negative impact on job growth||Moderate inflation coupled to low interest rates; continued marginal growth in real earnings|
|International economic and political instability. Uncertain direction from White House will negatively impact US policy both domestically and internationally||Corporate and individual tax policy changes uncertain|
Attached is a summary of data that will impact organization planning. The data does not yet indicate significant changes in the direction of the economy, but rather modest economic performance, productivity, growth of high-paid jobs coupled to low inflation, fuel costs, interest rates and conservative Federal Reserve policy.