This year, the expectations of the increase in the salary of employees are weakening. This claim has been made after a survey conducted on Chief Financial Officers worldwide. It has been revealed that for the last 2 years, the reason for the last 2 years is that the number of CFOs planning to increase the average salary of employees is decreasing.
According to Gartner’s report, in 2023, where 86 percent of Global CFOs planned to increase salary. At the same time, after this figure is reduced to 71 percent in 2024, this year only 61 percent CFOS has planned to increase salary, that is, every year the salary increment rate is decreasing, which can directly affect the income of the employees.
More investment on technology
According to this report, the CFOs of companies are planning to increase the technology budget this year. They are considering digital investment as an important means of increasing growth and efficiency and plans to increase 77 per cent CFOS technology budget, out of which 47 % of which will increase CFOS technology budget by 10 per cent or more.
The report said that increasing investment in technology sector is being made to strengthen business growth and efficiency. In particular, companies have a special focus on new technologies like generative AI and digital transformation.
According to Gartner, investment in technology has now become a need for companies. The report said that the reason for the decline in the salary increase in salary is also that the global labor market is getting cold. In such a situation, companies can negotiate more about salary.
Inflation is also a big challenge
But due to rising inflation, this can prove to be a difficult period for employees, and the rate of job changing and Employee satisfaction can be affected. In 2025, technology investment is being given priority in all the sectors. According to the report, companies are increasing costs to improve product quality in the retail sector and increase customer interaction.
While focusing on salary and external services to attract technical talents in the banking sector and outsource non-essential works. The report said that this trend of increasing technology budget has been continuously continuously for the last few years. Last year, 50 percent CFOS had planned to increase technology budget of 10 percent or more. Whereas in 2023 this figure was 43 percent. In 2025, 47 percent CFOs are planning to do so.
It is clear from this trend that companies are focusing on technology to increase growth and efficiency, but their stand to increase the salary of employees is becoming strict.