MADISON – In response to a worker shortage, employers are planning to step up their wages, according to a survey released this week by the Wisconsin Manufacturers & Commerce.
After surveying more than 250 businesses of different sizes across the state, the WMC said at least eight in ten companies are planning to raise wages by 3 percent or more this year.
“This is the fastest that we have seen wages go up in recent memory, and it’s a testament to the fact that businesses are really struggling to hire right now,” Nick Novak, WMC spokesperson, said.
Novak said the pay bumps also reflect competition among employers.
Watch the full segment at NBC15.com.