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Fewer employees given raises in 2023: survey

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Among those who received a raise, they reported that it was also 25% smaller than the amount they previously got from their employer.

Leaving for higher paycheck

The findings come as nearly three in four (73%) respondents admitted that they would consider leaving their current job for a higher paycheck.

In fact, the number of employees who have thought about leaving their company in the last six months to find better compensation increased to 48% in 2023, up from the 41% a year ago.

The findings could indicate a growing level of salary dissatisfaction among employees, with 27% of women and 15% of men expressing frustration with their compensation.

Despite the growing level of dissatisfaction, 58% of employees said they are still content or happy with their current financial compensation.

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