Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

Poll results

Sponsored by: OTELCO, a fiber internet provider

Two economic trends in 2021 — increasing competition for labor and increasing inflation — are likely to continue in 2022. And the result may the biggest raises for workers in over a decade.

So says a new survey by the Conference Board, a nonpartisan business think tank that has conducted the research since 1985.

The survey of 240 U.S. companies, released earlier this month, predicts employers will increase their 2022 budgets for wage bumps by an average of 3.9%. That's the highest budget increase for raises since 2008 and nearly a full percentage point higher than the 3% forecast in a similar April survey for the coming year.

Overall, how is your business planning to adjust employee pay in 2022?
We're budgeting for one of our largest increases ever in pay. (22%, 39 VOTES)
We're budgeting for a significant increase in what we spend on raises. (37%, 65 VOTES)
We'll give raises, but at about the same level as we usually do. (35%, 62 VOTES)
We're budgeting for a significant decrease in what we spend on raises. (3%, 6 VOTES)
We're budgeting for one of our largest decreases ever in pay. (3%, 6 VOTES)
Poll Description

Sponsored by: OTELCO, a fiber internet provider

Two economic trends in 2021 — increasing competition for labor and increasing inflation — are likely to continue in 2022. And the result may the biggest raises for workers in over a decade.

So says a new survey by the Conference Board, a nonpartisan business think tank that has conducted the research since 1985.

The survey of 240 U.S. companies, released earlier this month, predicts employers will increase their 2022 budgets for wage bumps by an average of 3.9%. That's the highest budget increase for raises since 2008 and nearly a full percentage point higher than the 3% forecast in a similar April survey for the coming year.

  • 178 Votes
  • 4 Comments
View recent polls

Sign up for Enews

4 Comments

  • December 29, 2021

    2021 had the most significant increases our company has ever paid out, and that was to stay competitive in a market where the local McDonald's is starting unskilled labor at $16.50 an hour. The Egg McMuffin meal cost $3.99 in 2019 but is close to $9 now. We have our government officials to thank for creating a work environment that is more lucrative to stay home than working entry/low-level jobs. What does all of this mean? Manufacturing in the USA will lose out to foreign manufacturers with lower-cost goods.

  • December 29, 2021

    When you pay people more to stay home than to work for an extended period of time, what did people think was going to happen? They got used to not working, now feel entitled, so we will now pay for them for the rest of their lives. Welfare should never be more than a safety net, not a way of life for three generations! We do nobody any favors taking care of everything from cradle to grave!

  • December 27, 2021

    Unfortunately for the low skilled and blue collar people, they will not get increases because of the open border to buy votes.

  • December 27, 2021

    We have increased wages by 10-15% over the past 18 months already!!! Wage inflation i here to stay until we have a serious recession or depression