8 | People at Work 2023: A Global Workforce View
Pay and compensation: how much is enough?Today, pay is an extremely pressing concern. As
the cost of living has soared, workers across lower- and middle-income bands have found that their incomes have been severely stretched, and even some higher earners are feeling the pinch. Spending on essentials, let alone luxuries, is being tightly squeezed as they grapple
with soaring energy bills, rising rents, increasing interest rates and escalating food bills. Even if inflation has peaked, it remains historically high in many countries and may take sometime to return to more comfortable levels. No wonder, then, that salary remains
the number one priority, with just over six in 10 (61%) people saying it’s the most important factor in a job.
8 | People at Work 2023: A Global Workforce View
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