Inflation

Technology retailer Currys has announced a 5.2% base pay increase for hourly paid staff, in response to rising living costs.

Total Jobs has found that essential workers are twice as likely as other employees to have handed in their notice in recent months.

Recruitment of permanent and temporary staff slowed in February, according to the latest KMPG and REC Report on Jobs.

With UK workers facing a cost of living crisis, and employers able to only offer so much in the way of pay increases, how might organisations help wages go further?

A poll by recruiter Randstad UK suggested that more people than expected would accept exercising more restraint when it came to wages.

In the last week of February there were around 1.82 million active job adverts in the UK – up by 8.6% from the previous week and by 41.5% from a month earlier.

Rail commuters face misery today (1 March), as the highest train fare rises for nine years take effect while London’s Underground network is crippled by a strike.

The Home Office's recommendation for 2022-23 is a rise of a minimum of 2% – a figure the PFEW says is unacceptable.

Pay rises are set to hit new records in 2022 in the face of tough recruitment conditions.

The cost of living has increased by 5.4% in the 12 months to December 2021, according to the consumer prices...

Inflation will have a greater impact on the labour market than Covid this year, according to recruitment site Totaljobs.

Its...

Inflation shot up to 5.1% in the year to November, leading to calls from unions and other bodies for greater...

Public sector pay settlements should not be determined by the current high inflation rate and should remain broadly similar with...

The consumer prices index measure of inflation soared to 3.2% in August, up from 2.0% in July, which could put upward pressure on wages.

Average pay awards still lie below inflation at 2%, according to data from HR and reward consultancy Paydata.