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.