HR professionals have faced a real-terms pay cut of as much as 8% since 2021 due to the cost of inflation, analysis by HR software provider Ciphr has revealed.
HR software provider, Ciphr, has revealed the areas of England where HR managers and directors earn the highest salary.
The boss of British Gas owner Centrica said his pay last year, £4.5 million, is impossible to justify.
The median FTSE 100 CEO’s earnings for 2024 has already surpassed the average annual salary, according to research from the High Pay Centre (HPC).
FTSE 100 CEO pay increased by 16% between 2021 and 2022, according to research from thinktank the High Pay Centre.
A disparity in the percentage value of raises is growing in UK businesses, despite average pay awards remaining steady at 5%, according to new data.
The UK economic crisis will see real wages remain below their Q1 2022 level until at least the end of 2027, leading to a long-term increase in poverty, according to research.
The top 1% of earners in the UK are getting pay rises in line with inflation, while the country's lowest earners are not.
Gender pay gap reporting has been with us since 2017 - the UK being at the forefront of legislation in this area.
One third of workers from ethnic minority backgrounds in the UK are no longer able to pay their bills, rent or mortgage each month due to the cost of living crisis.
Company executives were less likely to receive a pay cut during the pandemic compared to other employees.
High earners are more likely to receive pay rises to match cost of living increases than lower income workers.