As the economy slowly recovers and the war for talent heats up, pressure on salaries is greater than it has been for several years. We examine the likely impact on pay award outcomes over the coming 12 months.
The April 2021 uplift in the national living wage rate was more modest than has been seen previously, but some employers are struggling to keep pace with the statutory wage floor. We investigate the impact of the latest rise and what businesses hope for in future rate reviews.
The XpertHR headline pay award sits at 2% in the three months to the end of September 2021, marking the sixth consecutive rolling quarter at this level. Behind this stable picture, however, the fortunes of the private and public sectors are diverging.
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