A Snapshot of Rising Salaries

By Robert Half on July 8, 2022 at 7:25pm

SNAPSHOT OF RISING SALARIES

55% of companies are increasing compensation for current employees.
66% of employees have received a raise in the past year.
62% of professionals plan to ask for a raise this year.

Top reasons employees are asking for a raise

1. To adjust for cost of living or inflation
2. To get paid the market rate for their job
3. To compensate for increased responsibilities

Top reasons employers are giving raises

Rewarding good performance
To compensate for salary stagnation
To ensure competitive pay
Adjustments for cost of living/inflation

Sources: Robert Half surveys of over 2,400 professionals in the U.S. and over 2,300 senior managers in the U.S.

© 2022 Robert Half. An Equal Opportunity Employer M/F/Disability/Veterans.

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