{"id":287832,"date":"2023-02-23T12:33:05","date_gmt":"2023-02-23T17:33:05","guid":{"rendered":"https:\/\/chiefexecutive.net\/?p=287832"},"modified":"2025-03-28T14:05:03","modified_gmt":"2025-03-28T18:05:03","slug":"ceo-survey-expect-salary-increases-to-stall-in-2023","status":"publish","type":"post","link":"https:\/\/chiefexecutive.net\/ceo-survey-expect-salary-increases-to-stall-in-2023\/","title":{"rendered":"CEO Survey: Expect Salary Increases To Stall In 2023"},"content":{"rendered":"\t\t
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For the last few years, wage growth has been on a tear, with average pay in the U.S. up <\/span>8.9 percent in 2021<\/span><\/a> alone\u2014the fastest growth since the early-80s, according to the Social Security Administration.\u00a0<\/span><\/p>

But now, as the economy slows, that trend is likely to end\u2014fast\u2014especially among executives and middle managers, according to our latest survey of American CEOs. <\/span><\/p><\/div>

A recent poll of 333 CEOs in the U.S., conducted January 10-12 by Chief Executive<\/i>, finds pay increases among almost every class of worker are likely to slow dramatically in 2023, an abrupt U-turn from recent trends.\u00a0<\/span>C<\/span>ompared to 2022, smaller proportions of workers in all seniority levels are projected to see salary increases of 5 percent or more, with companies instead opting to increase salaries at more modest rates, if at all.<\/span><\/p><\/div>

According to our research, some 52 percent of middle managers saw a salary increase of at least 5 percent in 2022. That proportion is expected to drop to just 26 percent this year, according to CEOs we surveyed. <\/span><\/p><\/div>

Only 20 percent of other senior executives are projected to see a 5 percent or more raise to their salary in 2023, down sharply from the 34 percent who got a raise of that size last year. For front-line and back-office employees, 57 percent saw raises of 5 percent or more in 2022. Just 32 percent can expect a similar gain this year.\u00a0<\/span>\u00a0<\/span><\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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