Salaries will increase in 2023. They will even grow at a record high, according to the “Salary Budget Planning” study conducted by the American firm WTW.

To reach this conclusion, the latter questioned the human resources departments (HRD) of companies in 135 countries.

In France, wages should thus increase by 4% on average, relay our colleagues from 

Southwest

 Monday.

"For the fifteen years of existence of this study, we had never obtained this forecast of evolution of wages", confides Khalil Ait-Moouloud, director of the activity Compensation surveys at WTW.

In 2022, wages increased by an average of 3.5% and 2.3% a year earlier.

It is a response to inflation, but not only.

Companies also want to respond to the tightness of the labor market, by retaining employees and remaining attractive to avoid turnover, which is around 12.1% today.

Hard-to-hire talent

In France, 92% of companies are currently having difficulty attracting talent, compared to 66% in 2021 and 27% in 2020. 87% have difficulty retaining their staff, compared to 61% in 2021 and 17% in 2020 This is how 41% of French companies choose to recruit employees in the upper range of salary scales and 27% plan to do so.

An overwhelming majority of companies (95%) plan to grant salary reviews twice a year, for an increase between 2 and 7%.

Finally, 57% will maintain the salary review policy beyond 2023.



Not all wages will increase.

Companies are planning targeted increases for certain positions only (75%).

According to the study, 72% envisage an increase in wages upon hiring, and good news for young graduates, 70% of companies want an increase in their remuneration.

One-off increases and exceptional bonuses, such as the Macron bonus, are envisaged by 69% of companies.

Only 2% of French HRDs questioned indicated that salaries would not increase with their employer.

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