As employers continue to struggle navigating through the ongoing workforce shortage, more businesses are looking at increasing wages to attract new employees.

Wisconsin Employer Survey (winter 2022 edition), released Monday by Wisconsin Manufacturers & Commerce (WMC), shows that eight in 10 companies in the state plan to raise wages by 3% or more this year. Data provided also shows that 34% of businesses in Wisconsin said they plan to raise wages by over 4%.

These planned increases in wages comes at a time when 88% of Wisconsin businesses are struggling to attract new workers, according to the WMC survey. This number is up slightly from a WMC survey released last June, which showed 86% of employers saying they were struggling with hiring.