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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A study shows salaries will increase by 4.6% in 2023. The main causes are high inflation and a tightening labor market. 75% of companies are struggling to attract new talent. 70% of companies spent more on budgets in the last 12 months than they planned.www.investopedia.com/wages-up-2023-6831531The report revealed overall salary increases in the U.S. are projected to rise to 4.6% in 2023, up from an actual spend of 4.2% this year, as the majority of companies react to inflationary pressures (77%) and concerns over the tighter labor market (68%).worldatwork.org/resources/publications/workspan-d…
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