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“Employers reported their total 2022 base pay increase budgets at 3.8%, but our data showed a 6.7% increase in base pay for hourly employees staying in the same job at the same organization from 2021 to 2022.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Total Rewards; ;Finance and Budgeting; ;Sales Compensation;

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During those four decades, the total cost at a four-year college/university increased by 174.2% while tuition and required fees grew by 232.1%.