In France, as in all of Europe, inflation is at work. It affects the purchasing power of most of us. That is why companies must proceed soon to a salary increase. In addition, a survey conducted by WTW announces an average increase of 3.1% for this year. will go up to 3.3% in 2023.
Companies are reviewing their compensation policies
The situation is worrying. inflation continues win moment since the beginning of this year 2022. As a result, many of our compatriots are forced to tighten their belts. However, good news has just arrived.
In fact, companies should review your compensation policies. The WTW insurance brokerage conducted a survey on the remuneration policies of these companies. According to this survey, 35% of these companies are considering increasing their annual salary budget.
Only 35% of companies have increased the budget allocated to salary increases:
“The real salary increase for 2022 is 3.1%, it is more than last year, but it is well below inflation”
— BFM Business (@bfmbusiness) August 1, 2022
The survey also reveals that 3. 4% of them want to emphasize the non-financial elements of compensation. Y 30% foresee additional budgets for increases as needed.
An increase for groups of employees
The investigation also revealed other interesting elements. 23% French companies are planning a raise for groups of employees. Between these 23%, some have already made the increase. The raise in question targets employees at high retention risk.
However, it also targets those with rare or critical abilities. 59% of organizations, or 6 out of 10, want to study the case of the lowest paid. twenty-one% of them plan to adjust salary scales. Only 9% of these organizations are considering implementing a second round of salary increases.
A revaluation of 3.1% on average in 2022
Khalil Ait-Moouloud, Director of Compensation Surveys at WTW, spoke about BFM Business. According to him, it is to compensate decrease in purchasing power companies think about “collective raises”.
Anyway, that’s the goal. Indeed, inflation can reach 5.5% by the end of 2022. The director also mentioned “Other collective measures such as the purchasing power bonus”. That said, it’s aboutan increase of 3.1% on average for this year 2022. Remember that in 2021 it was 2.3% according to WTW.
the latter speaks “a significantly high budget compared to the practice of the last ten years. » A budget that will allow companies “remain competitive to attract the best talent”.
#Inflation : What #increases since #wages in 2022 and 2023? Khalil Ait-Moouloud, Director of the Compensation Surveys Activity @WTWfr it was this morning in @bfmbusiness to reveal the results of the 2022 WTW Inflation & Reward Actions study: https://t.co/qye812xgms pic.twitter.com/ZARAc6RGgr
— WTW in France (@WTWfr) August 1, 2022
Significant salary increases in 2023
The revaluations will be even more significant in 2023. In fact, it will be 3.3% on average. This is how it will look like:
- For executives and managers: +3.1% in 2022 and +3.3% in 2023
- For technicians and employees: +3% in 2022 and +3.3% in 2023
- For managers: +2.8% in 2022 and +3.2% in 2023
- For manual workers: +2.8% in 2022 and +3% in 2023
This ranking shows that executives and managers will have bigger updates. Revaluations differ from position to position. Thus, technicians and employees are in second place. In third position are the leaders and in fourth position the workers.
Different revaluations from one European country to another
As stated earlier, it is not only France that is facing inflation. Other European countries also have their account. However, in France, this inflation is less significant compared to other developed countries. Consequently, salary increases occur according to the level of inflation.
Therefore, it is obvious that in France, wage increases differ from those in other countries. In other words, they are less important there than in other European countries. In fact, in 15 best savings in Europe, companies are considering raising the wages of 4.9% on average These increases are projected for 2022 and 2023, while in 2021 they were separated by less than 0.9 points.
Therefore, employees in the UK should see their wages increase in 4% in 2022. In Germany, wages should increase by 3.8%. In Spain, on the other hand, the revaluations will be 3.6%. The United States is also planning a salary increase. it will be on average 4% in 2022 and 2023 it will rise to 4.1%.
#Inflation #découvrez #les #augmentations #salaires #prévues #pour