employers in the U.S. told WTW they were planning an average 4.1% increase in employee salaries overall for 2023 — the highest jump since 2008, according to the firm.
Most said the tight labor market was the primary driver of that decision, but nearly half also cited employee expectations due to inflation.
A more recent survey from Salary.com confirmed that plan remains in place for many employers, meaning 2023 could be a “banner year” for employees seeking increases, an executive at the firm said in a September statement.
Employee plans to freelance or work an additional part-time job is something other researchers have noted as well.
About 1 in 8 U.S. adults told Indeed they were looking for seasonal work this year; 14% said they would begin their search soon and 28% said they were considering it.