Employers must start offering greater financial wellbeing support to help staff achieve a decent standard of living, the CIPD has said.
Pay settlements
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Around half of organisations are yet to publish their 2021/22 gender pay gap, as the deadline for the current reporting year looms.
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As inflation in February 2022 soars, the chancellor is coming under pressure to ‘get wages rising’.
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B&Q and Screwfix employees are to receive a pay rise in April, as their parent company seeks to attract and retain staff in a competitive labour market.
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Wage growth in the UK continues to fall behind the cost of living, official statistics for November to January have...
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Technology retailer Currys has announced a 5.2% base pay increase for hourly paid staff, in response to rising living costs.
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Total Jobs has found that essential workers are twice as likely as other employees to have handed in their notice in recent months.
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John Lewis Partnership has reinstated its staff bonus as its losses narrowed and its department store chain achieved the highest sales in its history.
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Four-fifths of jobseekers are less likely to apply for a job if they can’t see a salary, research found.
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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?
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A poll by recruiter Randstad UK suggested that more people than expected would accept exercising more restraint when it came to wages.
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Staff at the Financial Conduct Authority are set to see their base pay increase by an average of more than 12% over the next two years.
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The Home Office's recommendation for 2022-23 is a rise of a minimum of 2% – a figure the PFEW says is unacceptable.
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Asda bosses have been strongly criticised for ‘forcing a real terms pay cut’ on its near 150,000 retail workers.
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The governor of the Bank of England has appeared to backtrack on his comments that employees should not ask for pay rises in order to curb inflation.