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Perhaps it’s due to a tight labor market, or high inflation, or the goodness of their hearts, but a new survey from the International Foundation of Employee Benefit Plans reveals that 68% of employers are planning salary increases for 2023 for all workers.

The remaining 17% of employers reported an increase for certain classes of workers and 13% haven’t decided. The final 2% said they aren’t planning an increase. The average projected salary increase is 3.9%.

 

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