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#The Conference Board

CNN

Employers are preparing for big pay raises in 2022

If you have a job, you're probably getting a bigger raise next year. Base pay may increase by an average of 3.9% in 2022, the largest one-year projected hike since 2008, according to The Conference Board's latest wage survey of 240 companies, the majority of which each employ more than 10,000 people.
BUSINESS
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Will You Get A Raise In 2022? Get Ready For Highest Wages Increase Since 2008

A survey by the Conference Board released Wednesday revealed companies are setting aside almost 4% of total payroll for an increase in wages next year. An increase of this magnitude would be the highest since the 2008 recession, which The Wall Street Journal predicts will affect workers at all levels of companies that plan to increase wages to combat inflation.
BUSINESS
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American Workers Should Expect a Big Pay Raise in 2022

New estimates suggest that 2022 will feature a big boost in wages for the average American — the largest one-year pay bump since 2008, in fact. While many of us would welcome more pay, there is a catch that makes this good news a little grayer. For the first...
BUSINESS
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Washington Post

In 2022, companies plan to give biggest raises in more than a decade

Americans are in line for their biggest wage increase in more than a decade, according to a report released Wednesday, as companies struggle against a tight labor market and high inflation. Businesses are expected to bump up pay an average of 3.9 percent in 2022, according to the Conference Board...
BUSINESS
FOXBusiness

US workers poised to get biggest raise in a decade as inflation soars

American workers are in line to receive one of the biggest pay raises in more than a decade, reflecting an extremely tight labor market and the highest inflation in 30 years. A survey by the Conference Board released on Wednesday shows that companies are setting aside 3.9% of total payroll for wage increases next year – the steepest one-year jump since the 2008 financial crisis. The estimate is up from April, when the Conference Board projected that companies were budgeting for a 3% pay increase.
BUSINESS

U.S. Companies Expected to Increase Salaries in 2022

Businesses are likely to increase salaries budgets in 2022 by 3.9 percent according to a study by The Conference Board. Gad Levanon, head of the Labor Market Institute at The Conference Board, joined Cheddar to provide additional details about the survey's findings. He attributed the anticipated salary hikes to companies looking to retain current employees, a desire to attract a new crop of workers, and surging inflation.
BUSINESS
FOXBusiness

Job openings climb to near-record in October as labor shortage persists

U.S. job openings unexpectedly climbed to a near-record high in October, as employers struggled to attract new workers amid an ongoing labor shortage. The Labor Department said Wednesday there were 11.03 million job openings in October, the highest number of openings since July, when businesses were looking to fill 11.1 million positions. It marked an increase from September, when there were an upwardly revised 10.6 million open jobs.
ECONOMY

Wages Seen Rising More, but Buying Power Mightn't Match

A new Conference Board survey predicts a 3.9% wage increase for American workers next year, up from 3% in the business research group’s April survey. That may sound great on the surface, but with inflation raging, it might not be enough to boost consumers’ buying power. Consumer prices soared 6.2% in the 12 months through October.
BUSINESS
matzav.com

U.S. Workers Are About To See Their Biggest Pay Increase In More Than A Decade

Americans are in line for their biggest wage increase in more than a decade, according to a report released Wednesday, as companies struggle against a tight labor market and high inflation. Businesses are expected to bump up pay an average 3.9% in 2022, according to the Conference Board report. That’s...
BUSINESS
thebalance.com

Job Market’s a Feast for Workers, Famine for Employers

Workers have been in the driver’s seat of the labor market for months, and there was no sign that will change anytime soon in a new government report on job turnover. The number of job openings rose to 11 million in October, a pickup of 431,000, the Bureau of Labor Statistics (BLS) said in a report Wednesday. Not only is the number of openings tied with the record high reached in July (after rounding), it dwarfs the 6.9 million unemployed people who are looking for work, according to separate data from the bureau. In other words, there are 1.66 job openings for every unemployed worker—also a record at least since BLS started tracking job openings in 2000.
ECONOMY
thebalance.com

Companies Plan To Raise Wages by the Most in 14 Years

Companies plan to show workers the money next year, budgeting for the biggest increases in salaries since 2008 as they seek to attract and retain employees and keep pace with inflation in a tight labor market, a new survey showed. Projections for 2022 “salary increase” budgets—that’s the pool of money...
BUSINESS
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