08/12/2021
The tight labor market in the U.S., coupled with the U.S. inflation rate hovering at a 30-year high, has allowed companies to allocate more resources to recruit and retain talent. The latest survey shows that U.S. companies plan to raise wages for employees next year, with an average increase of 3.9 %, the largest increase so far in 2008, and a wide range of salary increases.
The Wall Street Journal (WSJ) reported that a study scheduled to be released by the Conference Board on Wednesday will show that US companies have decided to increase their employees’ wages by an average of 3.9% next year. The range includes basic wages, median wages, and maximum wages. All salaried classes can benefit.
This also represents the recent trend of private enterprises to raise wages, which will continue until 2022.
