HR predictions for 2024

As a new year approaches, we asked people professionals what their top four predictions are for 2024.

Majority of low-paid workers using foodbanks

Despite inflation easing, 60% of low-paid workers have used food banks since September 2022, according to the Living Wage Foundation.

The silent privilege of wellbeing amid the cost of living crisis

Nuffield Health’s 2023 Healthier Nation Index revealed 59% of individuals think the cost of living or a change in personal finances had negatively affected their mental health over the past year.

Average UK worker has £28,000 in unclaimed pensions

In the UK, the average worker has £28,000 in stranded pension pots, according to new research from wealth manager Netwealth.

CIPP launches earned wage access guidelines

One in 10 UK employers now offer workers the option to be paid when they choose under earned wage access (EWA), and the Chartered Institute of Payroll Professionals (CIPP) has launched a new code of...

Most Brits in favour of lowering retirement age

A majority (69%) of UK workers have said the retirement age of 66 should be lowered, according to a new survey from investment comparison site Interesting Reviews.

Senior HR disconnected from employee money worries

Only 3% of senior HR professionals worry about money every day, compared to almost a quarter (22%) of UK employees, according to financial wellbeing service Bippit.

How to avoid financial wellbeing washing

In the current economic climate of soaring inflation and low purchasing power, it’s no surprise that many workers are struggling with money and require financial wellbeing support from their employers...

Five new ways to get board buy-in for financial wellbeing initiatives

It’s a well-worn cliché that boardrooms only care about data. The cliché falls apart when you speak to HR directors that have actually got buy-in for wellbeing initiatives. A blended, tailored...

Employee pay rise expectations in UK skyrocket

Almost three quarters of UK workers expect a pay rise in the next 12 months, an increase of 50% from the previous year, according to ADP Research Institute.

A fifth of private sector workers are not saving for pensions

Economics research institute The Institute of Fiscal Studies (IFS) has reported almost a fifth of working-age private sector employees (around 3.5 million people) do not do any pension saving each...

Work expenses driving employees into debt

More than two thirds (67%) of employees surveyed are having to pay for work expenses with their own money at least once a week, according to new research.