Nearly half (47%) of UK employees do not think their current salary is enough to live comfortably on, a survey by loan company Viva Money revealed yesterday (1 August).
Employers should ensure their payroll remains compliant during the leap year.
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).
The number of job ads where salary is advertised has decreased during 2022, reaching its lowest level in the last six years.
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.
Male employees from ethnic minority backgrounds are earning on average 10% less than their white colleagues within the same workplace, according to Bayes Business School 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.
MPs have set out recommendations to tackle in-work poverty in a new All-Party Parliamentary Group on Poverty report.
The median basic pay increase in the three months to the end of June 2022 has remained at 4% for the third consecutive quarter, suggesting pay rises in the UK may have reached their peak.
The latest employee earnings data from the Office for National Statistics has revealed pay has stagnated, while the proportion classed as middle-earners remains unchanged.
Workers across the UK still feel embarrassed to talk about salary in the workplace.