Pay Forecast 2023

The Spring 2023 XpertHR survey of pay forecasts, gauging private-sector employers' pay intentions for the year from 1 January 2023 to 31 December 2023. The survey is based on data covering 266 organisations, collectively employing 321,470 staff.

Survey questions

How will your organisation's 2023 pay award compare with that awarded in 2022?
What is the expected outcome of the next pay review (over the year to 31 December 2023)?
What is the expected value of your organisation's next pay award (over the year to 31 December 2023)?
What factors are expected to exert an upward influence on the overall budget for pay awards at your organisation effective during 2023?
What factors are expected to exert a downward influence on the overall budget for pay awards at your organisation effective during 2023?
Will your organisation have to increase wages for at least some workers in April 2023 due to the increase in the national living wage?
How does the 9.7% pay increase in April 2023 for workers paid the national living wage compare/is likely to compare with pay awards for other workers in your organisation this year?
What impact will the 2023 national living wage increase have/is likely to have on pay differentials at your organisation?

Additional information

Date:: 20 February 2023
Source:: Brightmine Surveys
Participants:: 266

View survey series

Survey analysis

Forecasts for pay awards in 2023

Benchmarking - HR Metrics

Pay Forecast 2023

Survey questions

Additional information

Survey analysis