U.S. Employers Boost Pay Budgets Despite Recession Concerns

Written by on July 30, 2022

Salary budgets for U.S. employees are projected to increase in 2023, mainly influenced by a labor market with more open jobs than people to fill them and inflation's impact on employees' pay expectations, despite signs that the economy is slowing.

Consultancy WTW's July

Salary Budget Planning Report
found that companies are budgeting an overall average increase of 4.1 percent for 2023, compared with the average actual 4 percent increase in . . .

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