2023 Salary Guide v10 DIGITAL - Flipbook - Page 5
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pressure on salaries throughout 2022.
Nearly four out of five (78%) employers
now point to compensation expectations
as a key issue preventing them from hiring,
which is a significant increase from the
63% who said the same last year.
Top three factors preventing hiring
From a candidate perspective, an
overwhelming majority (94%) remain
bullish about the current job market.
This is broadly consistent with last year’s
survey and understandable given the
favourable environment at present.
Compensation challenges
2022: 78%
2021: 63%
Insufficient technical/regulatory knowledge
But professionals may be asking
themselves whether there is much room
for salaries to rise further with a likely
recession on the horizon in 2023.
Poor cultural fit
Not at all
confident: 6%
Very
confident:
41%
How confident
are you in
the current
job market?
Somewhat
confident:
53%
2022: 59%
2021: 59%
2022: 23%
2021: 21%
98% of employers
find it challenging
to find skilled
talent today