Source: Willis Towers Watson, 2020 General Industry Salary Budget Survey—U.S. According to Willis Towers Watson's latest Salary Budget Planning Survey report, an average salary increase of 6.4 per cent in 2021 translates to a median increase of 7 per cent. Despite these pandemic-related concerns, two-thirds of employers expect to fund their annual … Based on annual pay increase studies released by WorldatWork, Willis Towers Watson and Salary.com earlier this year, the average salary increase budgets will range between 2.8% and 3.0%. The 2020 General Industry Salary Budget Survey, conducted by Willis Towers Watson Data Services, found companies are projecting average salary increases of 2.8% for all employees in 2021, including exempt, nonmanagement and management employees. This rise is marginally higher than the average actual increase of 5.9% in 2020. Financial concerns derail 2021 pay plans, Willis Towers Watson says Author By. Due to the effects of the COVID-19 pandemic in March of this year, companies were forced to revise their expected pay rises which did not see a great increase. Ryan Golden @RyanTGolden. Dive Brief: One in three U.S. companies are lowering their projected salary increases for 2021 amid concern over weakened financial results and budgetary restraints, a survey of 705 U.S.-based employers from global advisory company Willis Towers Watson found. For 2021, employers expect base salary increases of 1.9 per cent, up from 1.6 per cent for 2020, according to Morneau Shepell. Companies are projecting an average salary increase of 2.8% for exempt, non-management and management employees in 2021, a survey by Willis Towers Watson Data Services found. While most employers (84 percent) will deliver pay raises on schedule, about 1 in 6 employees will not receive a pay raise in 2021. Stephen Miller, CEBS published and released a SHRM article on September 3, 2020 titled, “Salary Increase Budgets Decline for First Time in 12 Years.” The Willis Towers Watson … Salaries in India are projected to rise by an average of 6.4% in 2021. Lower down the hierarchy, this drop will only widen, according to a Willis Towers Watson report. Projected salary increases for 2021 were slightly higher when … Willis Tower Watson, an advisory, broking and solutions company, have released new research within their Salary Budget Planning report which finds salaries may rise next year. With salary freezes and promotional adjustments excluded, employers are projecting salaries to increase by 2.5 per cent in 2021 – down from the actual 2.6 per cent in 2020, excluding freezes. According to latest Salary Budget Planning Survey report by Willis Towers Watson, salaries in India are likely to rise by an average of 6.4% this year. Nonexempt salaried and hourly employees are in line to receive a slightly smaller increase, 2.7%, according to the firm's 2020 General Industry Salary Budget Survey .