The Office for National Statistics (ONS) has announced a drop of 2.2% in UK regular pay between February and April compared to last year.
Employee Benefits and Reward
More jobs than unemployment results in pressure for higher wages
There are now more jobs than unemployed people in the UK for the first time since records began almost 50 years ago, according to the latest stats from the Office for National Statistics.
Over two-thirds of UK workers would consider returning to the office if employers covered the commute
New research shows that 68% of British office workers said they would be likely to consider working from the office full-time again if their commute was fully paid for
A quarter of office workers have their business expenses disputed
Almost a quarter of office workers regularly have their business expenses disputed or are asked to provide further clarification upon submitting them, a new survey has revealed.
Employee influence grows: 43% set to quit jobs for better pay, career opportunities and flexibility
Employees around the world now hold more sway in the global job market, with two-fifths (43%) saying they are likely to quit in the next 12 months.
Quarter of savers believe their current level of pension saving won’t be enough to live off
Over a quarter of savers (26%) who have a workplace pension think that their current amount of pension saving will not be enough to get by on when it comes time to retire.
Pay setting to be ‘hard for business’ as inflation hits
The Recruitment & Employment Confederation has warned that pay setting will be challenging for businesses as the combination of energy increases, rises in inflation and a tight labour market take their toll.
Half of over 50s regret not saving into their pension sooner
New research has uncovered that half (49%) regret not saving into their pension sooner, and almost two thirds (64%) wish they had contributed more into their retirement savings at an earlier stage.
High earners most likely to be offered pay rise
Triple the number of those financially comfortable have been offered a pay rise to help with the increasing cost of everyday living; compared to those who are financially uncomfortable.

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