pay raises in 2023 - Search
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  2. 4.1%
    • According to 2 sources
    US employers say they expect the average raise to be 4.1% in 2023, which would be the largest hike in 15 years, according to a survey of more than 1,400 organizations from advisory firm Willis Towers Watson. But that extra money may not go far. That 4.1% is less than half the headline rate of inflation.
    According the letter, the federal pay increase for 2023 will be an across-the-board base pay increase of 4.1% and locality pay increases to average 0.5%. Depending on what location the employees work, some may receive a lower or higher figure based on the final locality pay rates.
     
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  14. What raises could look like in 2023, according to …

    WEBDec 15, 2022 · Companies are planning big raises, at least for now. Companies say they’re budgeting 4.3% of their total payroll to spend on raises in 2023, the highest share since 2001, according to data from...

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  24. General Schedule - U.S. Office of Personnel Management

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