LONDON: More British employers are planning pay rises than at any time since the global financial crisis as they struggle to recruit staff following the coronavirus pandemic and Brexit, data from the Confederation of British Industry showed on Monday.
The CBI said 44% of businesses intended to raise pay in line with inflation and 24% planned above-inflation pay rises, the highest combined percentage since it started surveying businesses about this in 2009.
"Pay intentions are rising across the board as firms reopen and the economy recovers," Matthew Percival, the CBI's director of skills and inclusion said.
However he warned that businesses were likely to pass on higher wage bills to their customers unless productivity improved, especially as many aRead More »
Thursday, 23 February 2017 LONDON: British companies gave staff an average 2% annual pay rise in the 3 months to the end of January, unchanged from a year earlier, according to data on Thursday which offered little sign that employees will be shielded from rising inflation. Human resources consultants XpertHR …Read More »