U.S. firms plan to increase employee base salary budgets by an average 3.3% in 2027

Despite the current economic turbulence, most employees in a majority of companies will be getting a base salary increase for 2027, according to a large survey by organizational consulting firm Korn Ferry.

Almost half (47%) of the 5,512 participating employers said they expect to provide salary hikes to at least 95% of their employees, while 79% expect to do so for at least 80% of employees. Only 2% said they are planning no increases for anyone. READ MORE