Average salaries expected to increase by 10.2% in 2023: EY Future of Pay report

​​Projected salary increases for 2023 are slightly lower than the actual increases for 2022 across all job levels, except for blue-collar workers who are projected to have a slightly larger decrease in compensation in 2023. The top three sectors with the biggest forecasted salary increases are tied to technology. E-commerce has the highest projected salary growth at 12.5%, followed by professional services at 11.9%, and information technology at 10.8%.

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