The Major US Companies Raising Employee Wages In 2023

According to a survey by Willis Towers Watson, employers are planning to increase worker pay by 4.6% in 2023 due to high inflation and a tight labor market, making it the highest annual jump in 15 years.

Beginning in March, Walmart, the nation’s largest private employer, is set to raise starting wages for store employees from $12 to $18 per hour to $14 to $19 in a bid “to ensure we have attractive pay in the markets we operate,” the company’s U.S. operations chief, John Furner, told employees last month.

Delta Air Lines said it would begin raising wages by 5%, going into effect on April 1.

Home Depot announced on Tuesday it will spend $1 billion to raise hourly employee wages, making it the latest major company raising worker pay to compete in one of the tightest job markets in history.