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If the Great Recession taught employers anything, it taught them of the desire of employees to find work on their terms that meet their needs. As the pandemic moved into a more settled state, employers were faced with the prospects of jobs to offer but no one to fill them.
Attracting and retaining employees has always been top of mind but these past two years has shone a brighter light on the issue. A new report from Gallagher, the 2022 U.S. Career Wellbeing Report, shows that nearly 8 in 10 employers (78%), increased base salary for FY 2022 at nearly two times the rate of other total rewards to attract workers. This exceeds average total proposed increases for FY 2023, which range from 3.4% for executives to 3.6% for other employee groups.
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