Wed, 9 Jul 2014India, China and Brazil averaged the highest 2014 total salary budget increases at 10.5%, 8.2% and 7.2% respectively, according to data released from the WorldatWork 2014-15 Salary Budget Survey.

The three countries are also projecting similar salary increase budgets for 2015, said the data.

This year, 16 of 17 countries reported 2014 salary increase budgets at or above 2013 levels.

While India, China and Brazil showed large increases, four countries surveyed reported 2014 average total salary budget increases in the 3% to 4.5% range:

•    4.4%: Mexico
•    4.3%: Singapore
•    3.7%: Australia
•    3.0%: Canada, Germany, UK, US

The remaining surveyed countries were all below 3.0%:
•    2.9%: Netherlands
•    2.8%: Italy
•    2.7%: France
•    2.6%: Belgium
•    2.5%: Japan
•    2.4%: Spain
•    2.3%: Switzerland
•    
Australia and Italy anticipate a drop in budgets by a 10th of a percentage point to 3.6% (median: 3.8%) and 2.7% (median 2.8%), respectively.