Salary increases are coming… with a big ‘but’ - The Hustle
The Hustle

Salary increases are coming… with a big ‘but’

Good news and bad news

Image: Selina Lee

We’ve got good news and we’ve got bad news.

The good news: Base pay could increase 3.9% on average in 2022, according to The Conference Board’s survey of 240 companies (a majority of which have 10k+ employees).

Why the increase?

And that’s the bad news. Inflation is up 6.8% this year in its fastest surge since 1982. So while many may be thrilled their wages are rising, they shouldn’t inflate their hopes too much.

Get the 5-minute roundup you’ll actually read in your inbox​

Business and tech news in 5 minutes or less​

Exit mobile version