From the United States to China via Germany, the average increase in wages should exceed 4% in 2023 in seven major economies of the planet, according to a study published Tuesday by the firm Willis Towers Watson (WTW).
The average revaluations planned by companies for next year range from 4% in France to 6.6% in Brazil, according to this Anglo-American consulting and insurance brokerage firm.
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They should reach 4.6% in the United States and 5.67% in China, complete WTW, which surveyed companies in 135 countries in total but only communicated on the responses collected in seven major economies of the planet.
In six of the seven countries in question (Germany, Canada, China, France, United Kingdom and United States), the percentage of increase planned in 2023 is higher than that of 2022. Only Brazil, where the average increases are expected to reach 7% in 2022 and 6.6% next year is an exception.
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Among the reasons that push companies to grant more generous increases, companies cite inflation and tensions in the labor market as a priority.
In each of the seven countries, they claim to have more difficulty recruiting and retaining their employees in 2022 than the previous year.
Recruitment tensions
For 2023, the forecasts are more divergent: Canadian and American companies expect these recruitment tensions to ease and Chinese companies to maintain them.
In Germany, France, Brazil and the United Kingdom, on the other hand, they are worried about having even more difficulty hiring and retaining their employees in 2023. It is in the IT and digital professions that companies say they have the hardest time recruiting.
The engineers are also very courted.
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"
The economic outlook is generally pessimistic for the year 2023 with an anticipation of a recession in several economies
", comments Khalil Ait-Moouloud, who heads compensation surveys at WTW.
The study was conducted online from October 3 to November 4, 2022 among 25,000 companies in 135 countries.
Among them, more than 6,500 companies were surveyed in Germany (802), Brazil (500), Canada (882), China (888), the United States (1,550), France (800) and the United Kingdom. United (1109).