Despite the various crises and investments in harmonisation of companies, processes and systems over the past year, everyone will improve in terms of salary in 2023. The exact percentage increase is different for everyone, but we have set the 2023 salary space at 5% as of 1 January. This includes inflation indexation, so-called performance pay (step) and promotion effects combined.
How is this 5% built up? This percentage is somewhat higher than what the Central Planning Bureau (CPB) foresees for 2023 as the average wage increase in the Netherlands, which is 4.6%. In addition, our percentage is at the upper end of the benchmark with companies in business services, which is between 3.5 and 5.5%.
Furthermore, we looked at the purchasing power development for 2023. The government is trying to support citizens in many areas so that purchasing power does not deteriorate too much. The purchasing power decline is expected to be 4% in 2023.
Read below the remainder of the Management Update – Week #4