Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Salaries rising as bosses struggle to find new staff

by August 15, 2022
August 15, 2022
Salaries rising as bosses struggle to find new staff

The UK’s hiring boom is set to continue into the next quarter with nearly three in four employers planning to take on more staff, but it will soon reach its peak, the Chartered Institute of Personnel and Development is predicting.

The labour market remains “incredibly tight”, the institute’s latest quarterly Labour Market Outlook says. Many employers are raising wages and offering applicants more flexible options.

Pay expectations have hit a record high in the private sector at 4 per cent, while the median across all sectors has remained at 3 per cent.

Business briefingIn-depth analysis and comment on the latest financial and economic news from our award-winning Business teams.One-click sign up.
The institute’s survey of 2,000 senior HR staff in late June and early July found 72 per cent expected to recruit in the next three months, while 13 per cent expected to make redundancies.

Jonathan Boys, labour market economist for the institute, said: “We’re seeing some of the highest pay awards in recent history as employers strive to attract and retain staff. However, strong pay growth can’t last forever.

“To deal with the cost of living crisis, employers will have to look at other ways to support their people. Employer benefits that help reduce the cost of housing, travel and childcare will be of particular value.”

Read more:
Salaries rising as bosses struggle to find new staff

0
FacebookTwitterGoogle +Pinterest
previous post
UK house prices fall by £5,000 in August
next post
Yubo’s Innovative Age-Verification System Will Enhance Users’ Social Media Safety

You may also like

Insolvencies will continue to rise for ‘foreseeable future’...

October 13, 2023

Skills Crisis: 85% of young people feel they...

September 15, 2023

Amazon to require self-publishers to declare if content...

September 12, 2023

Government Admits Need for 40,000 More Nursery Staff...

April 3, 2024

Unlocking the Entrepreneurial Blueprint: A Journey from Mortgage...

March 4, 2024

Twitter’s top advertisers leave en masse following Musk...

November 24, 2022

Just Stop Oil’s demands are ‘contemptible’, says Starmer

August 7, 2023

Post Office faces backlash over potential closure of...

November 13, 2024

Lidl increases pay to match Aldi in battle...

May 12, 2024

Getting AI right: How automation can help manage...

May 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Friday Feature: Thales Academy

      August 1, 2025
    • Trump ends de minimis tariff exemption, hitting UK exporters and global e-commerce

      August 1, 2025
    • Aston Martin sells F1 team stake for $146m amid financial struggles

      August 1, 2025
    • China’s growing nuclear arsenal aims to break US alliances and dominate Asia, report warns

      August 1, 2025
    • Kavanaugh cites 3 presidents in explaining Supreme Court’s ballooning emergency docket

      August 1, 2025
    • Supreme Court ruling blocks car finance payouts for millions of consumers

      August 1, 2025

    Categories

    • Business (8,651)
    • Investing (2,167)
    • Politics (16,275)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved