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

Future Retirement Success

Business

Half of employees have not received a pay rise in over a year despite soaring inflation 

by August 25, 2022
August 25, 2022
Half of employees have not received a pay rise in over a year despite soaring inflation 

Research reveals that 45% of workers have been waiting more than 12 months for a pay rise, as inflation hits 10.1%

As the cost of living crisis puts pressure on household finances new research from has found that 32% of workers will look to change roles in the next 12 months, with nearly half of those surveyed having not received a pay rise in over a year.

More than 500 candidates from a range of industries – including marketing, sales, technology and the creative industries – responded to Aspire’s survey which explores trends in the UK jobs market and what’s driving those trends so far this year.

The study reveals that almost half of respondents have not received a pay rise in more than 12 months, while a third of respondents cited salary as the most important job factor.

Of those who had received pay rises, 46.7% have had pay rises of between 0-5%, which is below the 10.1% inflation rate and falls well short of the forecasted 18% rate of inflation in 2023.

Paul Farrer, chairman and founder of Aspire, who commissioned the research said: “The UK continues to grapple with a skills shortage, with the record 1.3m job vacancies evidencing just how difficult employers are finding it to hire the right talent.

“But with half of candidates not having received a pay rise in the last 12 months – and with significant wage growth in the sectors Aspire specialises in – we’re seeing what many candidates see: that they stand to benefit from changing jobs right now.

“With inflation pushing up energy and fuel costs, it makes sense that people are looking for new roles that offer them a competitive salary or a pay rise that can protect them from the rising cost of living.

“Employers need to be acutely aware and sensitive towards how wider societal trends feed into the motivations of workers. Achieve this and employers won’t just be better placed to attract the right talent – they’ll be able to retain it too.”

Read more:
Half of employees have not received a pay rise in over a year despite soaring inflation 

0
FacebookTwitterGoogle +Pinterest
previous post
Can’t Decide Which Slot Game to Play? – This Should Help
next post
Cross Asset Trends as the Summer Ends

You may also like

Lineker to return to air this weekend after...

March 13, 2023

15 ideas for your corporate event

February 14, 2025

Lower government provides Hunt room in spring budget...

January 23, 2024

To turbo boost your persona, you need to...

August 5, 2022

Love me do: How to fall in love...

November 8, 2022

Guide Dog Befriends DPD Robot Following Initial Spook

May 12, 2024

Business reaction of mini-budget slams ‘irresponsible’ Kwarteng

September 23, 2022

Ethical Shopping Continues to Rise in the UK...

April 3, 2024

Bank of England may cut rates more aggressively...

October 4, 2024

Businesses in battle to find skilled staff

March 27, 2023

    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

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • 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