{"id":280152,"date":"2023-01-28T10:55:00","date_gmt":"2023-01-28T18:55:00","guid":{"rendered":"https:\/\/jthelander.com\/?p=280152"},"modified":"2023-01-28T10:55:00","modified_gmt":"2023-01-28T18:55:00","slug":"what-are-hiring-and-compensation-trends-for-2023","status":"publish","type":"post","link":"https:\/\/brightturn.io\/?p=280152","title":{"rendered":"What are Hiring and Compensation Trends for 2023?\u00a0\u00a0"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In this Thelander Digest, we look at hiring and compensation trends for&nbsp;2023 using the results from the recently published Thelander Year-End Merit Increase, Option Pool &amp; Bonus Report.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As our data shows in the graphs below, the percentage of salary increases for staff-level employees went up in every percentile from &#8220;for 2021&#8221; to &#8220;for 2022.&#8221;&nbsp;We also take a look at the factors that lead to salary increases for&nbsp;2023.<\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/5ffb7fe6-aa2d-0814-2b20-44984ff68ff0.png\" alt=\"Salary increase as a percentage of salary - Employees\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/e8a467a5-f756-8a90-e9c5-6e4e0d276f90.png\" alt=\"Salary increase factors - Employees\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What trends are we seeing for 2023?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>88% of companies are planning to hire in 2023.<\/li>\n\n\n\n<li>Out of the companies hiring, 76% reported that they will be making 1 &#8211; 10 key hires.<\/li>\n\n\n\n<li>When looking at factors for salary increases for staff-level employees, 73% of companies are giving merit or performance-based increases, followed by COLA. Inflation was a new category this year.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/ff574e3b-368d-4927-5081-cb62bb2fde7a.png\" alt=\"Are you intending to hire in 2023?\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/c055f457-c544-b09b-5343-aaef48a38503.png\" alt=\"Hoe many key hired will you make?\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Thelander Private Company Compensation Survey is now open year-round with monthly updated on the online platform. All of the data presented in this newsletter is powered by the Thelander&#8217;s real-time compensation data. There is no cost to participate and all respondents will receive free access to a subset of the results through a silver level subscription.\u00a0<\/p>\n\n\n\n<p class=\"has-text-align-center btn-post wp-block-paragraph\"><a href=\"https:\/\/survey.jthelander.com\/surveys\/1\/\" target=\"_blank\" rel=\"noreferrer noopener\">Participate in the Thelander Private Company Compensation Survey Here for FREE Compensation Data<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Did you enjoy our Thelander Digest, have ideas for future ones, or want to learn more about how\u00a0J.Thelander Consulting can help you make informed decisions when it comes to hiring, incentivizing, and retaining talent?\u00a0<a href=\"mailto:info@jthelander.com\" target=\"_blank\" rel=\"noreferrer noopener\">Email us here<\/a>\u00a0or give us a call at\u00a0305-793-8605. We love to hear from you!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this Thelander Digest, we look at hiring and compensation trends for&nbsp;2023 using the results from the recently published Thelander Year-End Merit Increase, Option Pool &amp; Bonus Report.&nbsp; As our data shows in the graphs below, the percentage of salary increases for staff-level employees went up in every percentile from &#8220;for 2021&#8221; to &#8220;for 2022.&#8221;&nbsp;We [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3,4],"class_list":["post-280152","post","type-post","status-publish","format-standard","hentry","category-newsletter","tag-newsletter","tag-private-company"],"_links":{"self":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts\/280152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=280152"}],"version-history":[{"count":0,"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts\/280152\/revisions"}],"wp:attachment":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=280152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=280152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=280152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}