Tag: pay raises


Tight Labor Market Drives Employers to Boost 2023 Pay Raises

WTW News Release (07/14/22) U.S. companies are budgeting an overall average increase of 4.1% in salary for employees in 2023, compared with the average actual 4.0% increase in 2022, according to a survey of 1,430 U.S. organizations by global advisory, broking, and solutions company WTW. These are the largest increases since 2008. Nearly two in three (64%) U.S. employers have budgeted for higher employee pay

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