Survey: 64% of Employers Budget for Raises in 2023

U.S. employers are planning to increase employee salaries an average of 4.1% next year — the largest increase since 2008 — according to a new survey by Willis Towers Watson PLC. The survey found that roughly 64% of respondents have budgeted for higher employee pay raises in 2023, and 41% have already increased their salary budgets since their original projections. 7/20/2022

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