The Korn Ferry Hay Group Alternative Employee Rewards study analyzed data from 242 U.S. medium- to large-size organizations, primarily from the HR function. Data was gathered in February 2016.

According to the Korn Ferry Hay Group forecast, workers across Europe are set to see an average salary increase of 2.8% in 2016 and, with inflation at 0.5%, will see real wages rise by 2.3%.