Pay awards stand at 4.6%
New data reveals that the median basic pay award in the three months leading up to the end of May 2024 was 4.6%!
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Tag: Inflation
Top 10 jobs with the biggest wage increases since 2021
Recent findings shed light on sectors where workers have managed to secure substantial pay hikes, bucking the trend of stagnating wages across many occupations.
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Nearly 50% of pay awards to be below last year’s
Recent data indicates a median basic pay award of 4% for 2024, marking a decrease from the previous year’s offerings.
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Highest HR salaries in England revealed
The ONS has unveiled substantial disparities in HR salaries across England, with the East of England emerging as the top-paying region for HR professionals.
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Rising inflation has impacted 95% of UK SMEs
In a study conducted for NatWest’s Mentor by OnePoll, the extent of current hardships and emerging concerns faced by the UK’s SMEs is all too clear.
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Pay awards continue to trail rising inflation
What salary increases should workers be seeing amidst the rising cost-of-living crisis and soaring inflation?
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Only 8% of businesses are increasing salaries with inflation
On average, employers have given less than half (47%) of their staff a pay rise in line with inflation.
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SME owners struggling to battle inflation
How is inflation impacting SME owners?
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The cost-of-living crisis continues: what are its main effects on employees?
With inflation soaring and the cost-of-living crisis continuing, it is ever more important for employers to understand how they should be supporting their employees during this time.
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Cost-of-living crisis causes an increase in ‘side hustles’
Soaring inflation has caused a large increase in workers starting their own ‘side hustles’
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Rising inflation: four in ten employers boosting pay budgets
What impact does the rising inflation have on salaries?
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Inflation has become “an unstoppable train”
What are the consequences of extreme inflation?
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Wages not keeping up with rising inflation
UK wages are not keeping up with inflation which is rising fast in 2022
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Half of employers predict higher pay rises in 2022
Three in four businesses cite difficulties in being able to recruit staff, driving up pay awards.
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Pay awards reach highest level in six months
How do pay awards compare to what was offered to staff last year?
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Businesses to create jobs in 2018 despite uncertainty
Companies remain optimistic about their ability to generate jobs in the short-term, building on the UK’s record labour market performance, according to the latest CBI/Pertemps network group employment trends survey.
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