---
title: Salary increases are coming… with a big ‘but’
description: Good news and bad news
---

[Hustle News ](https://hs-sbup.thehustle.co/news)

# [Salary increases are coming… with a big ‘but’](https://hs-sbup.thehustle.co/news/12162021-salary-increases)

 Written by [Jacob Cohen](https://hs-sbup.thehustle.co/news/author/jacob-cohen) | Dec 16, 2021 10:32:44 AM

*Image: Selina Lee*

We’ve got good news and we’ve got bad news.

The good news: Base pay could increase **3.9%** on average in 2022, according to The Conference Board’s [survey](https://www.conference-board.org/blog/labor-markets/2022-salary-increase-budgets) of 240 companies (a majority of which have 10k+ employees).

Why the increase?

- **46%** of employers say it’ll help attract and retain workers in today’s tight labor market
- **39%** say inflation is also a factor

And *that’s* the bad news. Inflation is up **6.8%** this year in its [fastest](https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html) surge since 1982. So while many may be thrilled their wages are rising, they shouldn’t *inflate* their hopes too much.

[View full post](https://hs-sbup.thehustle.co/news/12162021-salary-increases)

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