Lexology December 29, 2022
WTW

Employee attraction and retention plague organizations in the United States

Organizations are struggling to fill key roles at every level

Voluntary attrition rateInvoluntary attrition rate
19%7%

2022 saw the highest salary budget increases in nearly 20 years

Given the fundamental role salary plays in an organization’s ability to attract and retain talent, employers plan to carry this adjustment through to 2023 – yet remain cautious about how and when they allocate the overall budget.

2022 Overall Actual Salary Increases (Median)2023 Overall Forecasted Salary Increases (Median)
4%4%

Additionally, organizations...

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