Income distribution

Three in four companies plan wage hikes

The shortages of workers, particularly skilled ones, defining the current economic climate have improved their bargaining position vis-a-vis employers. 

According to Randstad's HR trends survey of business executives for 2023, 66% believe job seekers have unrealistic salary expectations. Indeed, this figure has increased by 17 percentage points compared to 2022.

Cost of labor

The measures introduced by the government to support incomes were significant, however, they could make up for the high cost incurred by employers due to social security contributions.

Walmart lifts wages at US stores again

Walmart announced on Jan. 24 it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector.

The retail giant, the biggest private employer in the United States, is boosting the pay range at U.S. stores to between $14 and $19 an hour from the prior $12 to $18 an hour.