Global pay rates expected to stay ahead of inflation

By Laura Cassiani
|Canadian HR Reporter|Last Updated: 01/23/2001

Pay increases across the world will hover slightly above inflation rates, a global compensation planning report states.

According to the 2001 Global Compensation Planning Report, conducted by HR consulting firm William M. Mercer Limited, pay increases will fluctuate a few percentage points above the predicted inflation rates around the world with a few exceptions.

The report found that pay increases are keeping ahead of inflation rates in most major countries by one per cent to six per cent with an average inflation rate of between one and four per cent.