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Subjects: SVY, ECO, WOM, MIN

OperationsInc Survey Shows Workers, Especially Men, Expect Bigger Raises This Year

NORWALK, Conn., Sept. 22, 2022 /PRNewswire/ -- Amid high inflation and full employment, most workers (62%) are expecting to get a pay raise this year, and two in five (41%) expect that raise to be larger than what they received last year. While the majority (58%) of workers are expecting a pay raise of 5% or less, nearly half (45%) say they would not be happy or satisfied with a pay raise of less than 6% of their salary. These findings are according to an OperationsInc survey of 1,000 U.S. adults employed for wages as of September 7, 2022.

Nearly three in four male employees (73%) expect to get a pay raise in Q4 2022 vs half of female workers (49%).

Expectations for increases this year differ widely between men and women. Nearly three in four male employees (73%) expect to get a pay raise at the end of the year, while only half of female workers (49%) expect the same. Men are also far more likely to expect larger raises than last year (47% vs 35% of women), a pay raise of greater than 6% (47% vs 19% of women), and a year-end bonus (60% vs 41% of women).

"Winning the war for talent can't be about paying more. Employers who have paid what the market demanded this year now have issues with pay equity and overall compensation structures," says OperationsInc CEO David Lewis. "Companies need a multi-faceted strategy, developed alongside experts, designed to attract and retain, where employees are asked what they value, resulting in an approach that meets everyone's needs."

Additional findings from the survey of 1,000 U.S. workers show that:

To view additional findings from the OperationsInc survey, download the full report.

Contact: [email protected]


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News published on 22 september 2022 at 09:35 and distributed by: