Cost-of-living crisis: workers’ pay rise expectations increase

-

Half of workers in the UK (50%) say they are expecting a pay rise this year and 55 percent are likely to ask for a pay rise if they feel they deserve one.

Women are less likely to ask for a pay rise than men, with 47 percent and 64 percent respectively.

Those who classify themselves as essential workers are more likely to do so than those who describe themselves as non-essential workers (58% compared to 50%).

Interestingly, those who are working from home (61%) are more inclined to ask for a pay rise versus those who work on site or in the office (39%).

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

Workers have high expectations of being given a pay rise and are ready to push their employers to get it, as the cost of living rises sharply for many, reveals the ADP Research Institute’s People at Work 2022: A Global Workforce View.

 

Soaring inflation

The findings come at a time when the cost of living is rising rapidly in the UK with an inflation at a 30-year record high and the energy cap crisis, and following two years of pandemic-related disruption to jobs.

Half (50%) of workers expect to get a pay rise in the next 12 months and more than a quarter (27%) expect to be given a promotion.

This is despite only a third (32%) expecting to be given any increased responsibility, and just one in five (19%) who think they will have a formal review.

Overall, workers say pay is the most important factor to them in a job, with over half (56%) saying it is a priority, followed by job security (45%), flexibility over their hours (39%) and enjoyment of their work (34%).

The report explores employees’ attitudes towards the current world of work and what they expect and hope for from the workplace of the future.

 

Recruitment and retention

“Pay is an even more pressing issue than normal right now and it is likely to remain so for the foreseeable future, with a clear knock-on effect on recruitment and retention. Employers will have to reconcile that drive for higher wages with their own commercial imperatives, and with meeting workers’ requirements on other fronts, such as giving them the flexibility they also dearly want,” says General Manager UK & Ireland, ADP, Sirsha Halder.

“Having worked hard through the strains of the pandemic, and with spiraling inflation creating a widespread cost of living crisis, many workers feel they need and are entitled to a raise. The vast majority are prepared to speak up to get one,” says General Manager UK & Ireland, ADP, adds Sirsha Halder.

“Employers should bear this in mind in today’s tight labor market, where maintaining a secure and stable skilled workforce is paramount, and more challenging than ever,” says Haider.

Amelia Brand is the Editor for HRreview, and host of the HR in Review podcast series. With a Master’s degree in Legal and Political Theory, her particular interests within HR include employment law, DE&I, and wellbeing within the workplace. Prior to working with HRreview, Amelia was Sub-Editor of a magazine, and Editor of the Environmental Justice Project at University College London, writing and overseeing articles into UCL’s weekly newsletter. Her previous academic work has focused on philosophy, politics and law, with a special focus on how artificial intelligence will feature in the future.

Latest news

Alison Lucas & Lizzie Bentley Bowers: Why your offboarding process is as vital as onboarding

We know that beginnings shape performance and culture, so we take time to get them right. Endings are often rushed, avoided or delegated to process.

Reward gaps leave part-time and public sector staff ‘at disadvantage’

Unequal access to staff perks leaves part-time and public sector workers less recognised despite strong links between incentives and engagement.

Workplace workouts: simple ways to move more at your desk and boost health and productivity

Long periods at a desk can affect energy, concentration and physical comfort. Claire Small explains how regular movement during the working day can support wellbeing.

Government warned over youth jobs gap after King’s Speech

Ministers face calls for clearer action on youth employment as almost one million young people remain outside education, work or training.
- Advertisement -

UK ‘passes 8 million mental health sick days’ as anxiety and burnout hit younger workers

Anxiety, depression and burnout are driving millions of lost working days as employers face growing calls to improve mental health support.

Employers face growing duty of care pressures as business travel costs surge

Employers are under growing pressure to protect travelling staff as geopolitical instability, rising costs and disruption reshape business travel.

Must read

Karen Holden: Are self-employed staff a risk to your business?

The recent case of BBC presenter Christa Ackroyd and those against Uber, Deliveroo, Addison Lee and Pimlico Plumbers leaves many companies unsure whether it is safe to contract with ‘self employed’ contractors / consultants.

Charlotte Mepham: changes to flexible working

As employers will already be aware, employees with children...
- Advertisement -

You might also likeRELATED
Recommended to you