Wednesday, March 16th, 2022

Salary Increases

“Of course, it is not the employer who pays wages. He only handles the money. It is the product that pays wages and it is the management that arranges the production so that the product may pay the wages.” – Henry Ford

I get a lot of questions about salary increases and when I talk to CPA firms, year after year, they disclose that their average salary increase will be 5%. Year after year. Yet, they often provide a disclaimer…. “we do give 10% or higher to some top performers”.

You might find the BDO 2022 Salary Increase Budget Survey Report interesting. 5% looks pretty good.

  • "Note to salary setters: Pay your people the least possible and you'll get from them the same."
  • Malcolm Forbes

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