Are Pay Rises Keeping Up With the Cost of Living or Just Hiding the Pressure?
Rising living costs continue to shape the lives of employees across the UK but are recent salary increases doing enough to ease the burden? According to our 2024 UK Salary & Recruiting Trends guide, 85% of employers reported increasing staff pay over the last 12 months, a slight rise from the previous year. Notably, 40% increased pay by more than 5%. While these figures suggest progress, the reality on the ground is more complex. Despite […]
Boosting Employee Wellbeing During the UK Cost of Living Crisis
The current cost of living crisis in the UK marked by rising inflation and falling real disposable income is placing immense pressure on workers and employers alike. With 77% of adults expressing concern over escalating costs, organisations must now ask: how can they support the financial wellbeing of their workforce while also protecting business performance? In September, inflation reached a 40-year high of 10.1%, affecting everything from food to energy to transportation. Real regular pay […]