In 2022, the pay elevate for federal workers was 2.7%. This improve was according to the typical non-public sector pay elevate and was the most important pay elevate for federal workers in over a decade.
The pay elevate was necessary for a number of causes. First, it helped to maintain federal workers’ salaries aggressive with the non-public sector. Second, it helped to offset the rising price of residing. Third, it confirmed that the federal government is dedicated to its workers.
The two.7% pay increase for federal staff in 2022 is the most important enhance in practically twenty years and comes at a time when the price of residing is rising quickly. The increase will have an effect on greater than 2 million federal staff and can price the federal government an estimated $25 billion over the following yr.
The pay increase is an element of a bigger effort by the Biden administration to handle the problem of stagnant wages for federal staff. The administration has additionally proposed a variety of different measures to assist federal staff, together with rising the minimal wage for federal contractors and increasing entry to reasonably priced housing.
