Salary and Total Rewards Changes for 2023 Pulse Survey
Organizations are planning salary increases and closely examining their total rewards packages for the year ahead in response to changing workforce demands. The International Foundation surveyed U.S. employers and found that 68% plan to offer salary increases for all workers in 2023. Employee needs are continuing to evolve and benefits are in the spotlight as a key tool for retention, engagement, and recruitment. Organizations are examining benefits and compensation as a whole, taking a total rewards approach. Employers are planning the following changes for 2023.
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Planned Salary Increases for 2023 (n=133)
Average Projected 2023 Salary Increase (n=112)
Factors Used to Differentiate Between Worker Salary Increases* (n=23)
*Respondents were asked to select all that apply.
Increasing Emphasis of Total Rewards Components in 2023 (n=143)
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