Survey reveals projected pay increases and current trends in Utah, Arizona, Colorado and Wyoming
Salt Lake City, October 2, 2018 – Utah’s Employers Council, a leader in human resource and employment law services for the business community, recently announced the results of its 2018 Planning Packet Survey that reveals projections about compensation budgets for 2019 and 2018 – ’19 economic conditions.
The survey highlights a projected 3.0 percent average employee pay increase for Utah in 2019, and a 5.7 percent bump for top performers. Overall, Utah’s average pay is projected to increase by 3 percent in 2019, a 0.1 percent drop from 3.1 percent in 2018.
“Employers Council is pleased to provide such relevant and helpful information to employers in Utah,” said Ryan D. Nelson, president of Employers Council’s Utah office. “This survey shows how Utah continues to see an upswing in overall compensation. In the past year, average employee pay has increased by 3.1 percent and is estimated to grow another 3 percent next year. The survey is an incredibly extensive estimate of where the entire state is headed in terms of compensation.”
The complete survey separated pay increases geographically among four states, including Arizona, Colorado, Utah and Wyoming, as well as within Utah, including Wasatch North, Wasatch South, Mountainland and Central-Southern. When compared with the other states, Utah’s average pay increase for the typical employee was on par with other states, though Utah’s projected pay increase for top performers was nearly 1 percent higher than the other states.
2018 Average Projected Pay Increase – “Average or Typical Employee”
- Arizona – 3.0%
- Colorado – 3.1%
- Utah – 3.0%
- Wyoming – 2.5%
2018 Average Projected Pay Increase – “Top Performer”
- Arizona – 4.7%
- Colorado – 4.9%
- Utah – 5.7%
- Wyoming – 4.6%
Due to the quality and breadth of the data, the full version of the survey is available exclusively to members of Employers Council. For more information on becoming a member or purchasing the surveys, visit employerscouncil.org or call 801-364-8479.
ABOUT EMPLOYERS COUNCIL
Employers Council serves more than 4,500 employers, of all sizes and industries, providing the resources needed to build and maintain profitable organizations. Members are assisted by over 70 human resource, organizational development and survey professionals and 60 staff attorneys out of offices in Salt Lake City, Scottsdale, Denver, Colorado Springs, Loveland and Grand Junction. Employers Council provides employment law and human resource services to members facing the everyday challenges of operating a business. Employers Council also provides training to more than 25,000-member employees annually and offers unsurpassed HR survey data. For more information, visit www.employerscouncil.org.
CONTACT: Austin Isbell