Despite the likelihood of the recession that’s looming in the not-too-distant future, 64% of U.S. companies plan to budget for an overall average salary increase of 4.1% in 2023. That’s up slightly from 2022 (4.0%) and the highest since the Great Recession of 2008.
And it’s all thanks to the Great Resignation that created a tight labor market that has more job openings than bodies to fill them. READ MORE