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.
UK employees on average consider a raise of 9% to be a fair pay award for 2023, according to research.
Real wage growth for UK workers declined 3% during 2022 according to research from the Trades Union Congress (TUC), the largest decline since 1977.
Real median weekly pay for full-time employees fell by 2.6% in 2022 when adjusting for inflation, according to new figures from the Office for National Statistics (ONS).
The rapid devaluation of the pound will mean further inflation, potential interest rate rises and make it more difficult to attract overseas talent, according to economists.
More than half (56%) of low-paid workers in the UK have had to use food banks in the last 12 months, according to research from the Living Wage Foundation.
The number of jobs in the UK rose to a record 35.8 million in June 2022, according to figures from the Office for National Statistics (ONS), yet job vacancies have dropped.
Today, Liz Truss became the new leader of the Conservative party and the prime minister of the UK. Here we examine which HR issues should be at the top of her agenda.
The Trades Union Congress (TUC) has launched a campaign to increase the minimum wage amid accusations that the government is abandoning workers to navigate the cost of living crisis by themselves.
The ongoing cost of living crisis is causing employees to be less trusting of their employers.
The top 1% of earners in the UK are getting pay rises in line with inflation, while the country's lowest earners are not.
Hiring activity in the UK reached its slowest rate for 17 months as businesses exercise more caution due to economic uncertainty around the economy.