Energy Companies Raise Salary Increase Budgets to Address Competitive Talent Market

Published: March 2022

 

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We heard from 60 HR leaders at energy companies in February 2022 about changes they were making to their salary increase budgets. Thirty-five percent of energy firms have raised their overall salary increase budget since it was originally determined; fifteen percent are considering doing so. This is a significant revision and in direct response to the tight talent market and high inflation concerns.

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