Overview

• Aon’s Annual Salary Increase and Turnover Survey 2025–26, drawing on data from more than 1,060 companies across 45 industries, sets a fresh national pay benchmark.
• Real estate/infrastructure is projected to offer average increases of 10.9% and non-banking financial companies 10%, while technology consulting and services trails at about 6.8%.
• The 2026 projection is a notch above the 8.9% actually delivered in 2025, which was the weakest year for pay hikes in nearly 15 years excluding 2020.
• Voluntary attrition has declined to 17.1% in 2025 from 17.7% in 2024 and 18.7% in 2023, pointing to a more stable talent market.
• Employers are prioritizing differentiated pay, performance-linked incentives and skill development as they navigate domestic resilience and external pressures including trade headwinds and AI-driven restructuring.