How Big Of A Raise Are You Expecting This Year

How big of a raise are you expecting this year? The pandemic caused economic uncertainty for many workers and businesses, but over the last two years, salaries soared as the economy recovered from Covid-19. Don't start spending like crazy quite yet, it seems that employees' expectations for raises in 2023 may be just a little too high.

According to ADP's People at Work 2023 report, 68% of American workers received a pay increase over the last year, with an average increase of 6.5%. Despite this, employees are expecting an average 6.7% raise in 2023, which experts suggest is unrealistic given current economic conditions. Welcome to the club, Tampa Bay.

While some high-demand positions may still see significant raises, employers are dialing back on aggressive raises and bonuses due to economic uncertainty. The report also highlighted that many workers believe they are underpaid, with only 32% stating they were paid the right amount.

The survey also revealed the evolving remote work picture, with 33% of American workers having complete flexibility to work from home or the office when they choose, and 55% stating that their employer's work-from-home policies meet their expectations. However, employees' expectations for pay raises and bonuses in relation to remote work vary depending on whether they are working entirely from home or in a hybrid model. While the pandemic has shifted attitudes towards remote work, it is clear that workers' expectations for pay raises may need to be tempered as economic uncertainty persists. TBBJ

The is a new study that has come out with their list of 2023’s Best Cities For Remote Workers. The study comes from LawnStarter where they looked at 200 of the largest U.S. cities. They are judging them on 20 factors, including Internet quality, cost of living, access to co-working spaces, and more.

# 1 is Plano, Texas for best cities for remote workers. It earned the top spot due to their spacious homes, high broadband coverage and low crime rate.

Check out the Top 10 below.

They also have no state income tax, the 10^th most affordable rent and the 19^th highest average household income.

Another Texas city is at #2. They are high on earning potential and workspace rank. Also has a low crime rate and is affordable to live there.

Tampa lands at #3 on this list. Tampa ranks high in spacious homes and high broadband coverage. They do rank a little lower in affordability and earning potential though.

Atlanta ranks high in spacious homes and amenities. They rank really low in the crime rate though.

Seattle ranks really high on high broadband coverage and earning potential, but low in affordability and crime rate.

They rank really high on broadband coverage, but lower on earning potential than all the cities about them on this list.

Austin winds up on a lot of the best cities list and now they are one of the best for remote workers as well. They only areas they rank low are in spacious homes and crime rate.

They are #3 in broadband coverage in the U.S. They rank really low in crime rate and amenities.

The #2 city in Florida after Tampa. They rank really high in broadband coverage and amenities.

The Queen City come in at #10 on the list with good rankings except for crime rate.