Nealy two-thirds (64%) of UK business decision-makers say that they're experiencing more employees asking for pay rises more frequently as a result of the hike in living costs, according to new research by Applaud, the leading employee experience (EX) platform.
Although RPI remained unchanged at 12.3% and the CPI fell marginally from 10.1% to 9.9% in August, this alone is not enough to close the gap between pay and inflation.
The UK Net Employment Outlook has fallen to +25% for Q4, a decline of eight percentage-points on Q3, and a decrease of six percentage-points year-on-year according to the latest ManpowerGroup Employment Outlook Survey (MEOS).
In the week of 25-31 July, the number of active job adverts across the UK hit a new record high for 2022, according to the Recruitment & Employment Confederation (REC)’s latest Labour Market Tracker
CIPD research shows zero-hours contract workers report better work-life balance and wellbeing than other workers, but improved enforcement of employment rights needed to protect those who are treated unfairly