Employers’ confidence in both the UK economic outlook and their own ability to invest in their business dropped quickly in the second quarter of 2022, with inflation and labour shortages causing widespread concern,
Experts have urged employers to prioritise annual leave and promote healthy working habits to avoid burnout, amidst survey findings that employees feel unable to take time off work.
Despite holding at the highest recorded level since September 1992, pay awards continue to fall short of soaring inflation, now lagging 5.1 percentage points behind the latest Consumer Price Index, which stands at 9.1% (May 2022).
The CIPD is urging employers to continue to develop and embed new ways of working and ensure all workers, regardless of where they work, are treated and rewarded fairly and consistently