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Published: Dec 09, 2021 5 min read
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Next year might be your best opportunity in over a decade to get a big raise.

According to the Conference Board’s recent Salary Increase Budget Survey, companies are budgeting more for wage increases in 2022 than they have at any point since 2008.

The 240 companies surveyed last month (more than half of which employ over 10,000 people) are planning to spend an average of 3.9% of their total payroll on wage increases next year. In a previous survey in April, companies said they were budgeting 3% of payroll for salary increases — that's a jump of nearly one full percentage point in just seven months.