The 2022-2023 Salary Budget Survey provides compensation professionals with data-driven insights to inform their salary increase strategies in a volatile labor market. With historic inflation and unprecedented turnover, companies must acknowledge the changing cultural shifts towards remote work, anticipate economic pressures, and leverage competitive pay packages to retain employees. In 2022, 64% of non-exempt workers and exempt non-offers are likely to receive a lackluster 23% increase, while managers are given higher salaries. The survey results provide a clear response to the labor market conditions of the last year and can help inform talent strategies at a critical time in the market.
