Salary budgets for 2025 are growing at a near record pace

Hiring is slowing across the country, but for people whose job is secure, a bigger paycheck could be on the way in 2025.

Salary budgets for next year are projected to increase at close to the fastest pace in two decades, according to a new report from The Conference Board, a nonprofit business research group with over 1,000 public and private company clients across 60 countries. While that’s not directly tied to people’s raises, it’s often one of the best barometers of upcoming salary increases. READ MORE