2024 – 2025 Regional Salary Budget Survey Results
2024-2025 Regional Salary Budget Survey
Released: August 2024
The 2024-2025 Regional Salary Budget Survey provides essential compensation insights gathered from organizations across Florida, Illinois, Indiana, and Missouri. This survey, conducted by AAIM Employers’ Association, offers a comprehensive view of salary budgets and trends to help you stay competitive in the marketplace.
Overview
This year’s survey includes data from 175 organizations spanning various industries and regions. With responses segmented by state, company size, industry, and organization type, this report is an invaluable tool for employers looking to make informed decisions about salary budgeting and compensation planning.
Key Findings
- Projected Pay Increases: The average pay increase across all regions for 2024-2025 is projected at 3.8%, slightly down from the 5.0% average in 2023-2024. Missouri’s manufacturing sector shows strong growth with a projected 3.8% increase.
- Bonus Awards: The average projected bonus across all sectors is 9.4%, with larger organizations and manufacturing companies leading in bonus payouts.
- Regional Highlights:
- Florida: Projected average pay increase of 4.2%.
- Illinois: Consistent growth with a 3.6% projected increase.
- Indiana: Moderate growth at 3.6%.
- Missouri: Strong performance, particularly in manufacturing.
Demographics
- Participation: The survey includes data from 175 organizations of various sizes and industries across Florida, Illinois, Indiana, and Missouri.
- Industry Representation: The report spans multiple sectors, including manufacturing, health services, and professional services.
- Organization Types: Both non-profit and for-profit organizations are represented.
How to Use This Report
This report is designed to guide your organization’s salary planning and budgeting for the coming year. Whether you’re benchmarking your pay scales against regional averages or planning for future increases, this survey provides the detailed data you need to make informed decisions.
For further customized insights or to inquire about specific data not included in this report, please contact the AAIM Solutions Team at solutions.team@aaimea.org or call 314-754-0236.
Thank You to Our Participants
We extend our sincere thanks to all the companies who contributed to this survey. Your participation is crucial to the continued accuracy and relevance of our salary and compensation data.