Organizations also granted higher bonus payouts for 2023, and are expected to repeat it in 2024
Employers (60% or more) in every industry worldwide have taken or are considering taking the following measures:
- Compensation review of specific employee populations
- Full compensation review for all employees
- Targeted increases for specific employee populations
- Hire people higher in relevant salary range
Top 3 functions at professional level (P3) with the highest pay across all industries*
| Rank | Mexico | Malaysia | United Kingdom | United States |
|---|---|---|---|---|
| 1 | IT development | Geosciences | Energy trading | Energy trading |
| 2 | Technical sales support | Engineering | Environmental health and safety | Energy marketing |
| 3 | Legal | Well operations | Project/Program management | Data science and business intelligence |
A few skills will receive the highest pay premiums across regions
| Region | Skills | Pay premium (median in percent of base salary) |
|---|---|---|
| Asia Pacific | AI/machine learning frameworks | 15% |
| Europe, Middle East and Africa | AI/machine learning frameworks | 20% |
| Latin America | Cryptography, distributed ledger development, smart contract programing | 15% |
| North America | Cryptography, distributed ledger development, smart contract programing | 15% |
Twenty-two percent increase in the number of unique organizations participating in WTW’s 2023 Energy and Natural Resources Survey, and a 25% overall increase in data submissions.
Market Data
Compensation, HR practices and policies surveys
Getting compensation is right. We make it easy.
EVENTS
Have a seamless participation experience
Explore upcoming events in multiple languages and time zones.
