Employee reward and benefits have remained topical issues during a period of high inflation and the cost-of-living crisis. We look at priorities and challenges facing reward departments this year, and how organisations are supporting employees with the cost of living.
XpertHR's headline measure of basic pay awards has risen to 6% over the three months to the end of January 2023, one percentage point higher than in the previous rolling quarter, reaching a 32-year high.
As 2023 dawns it appears likely that pay awards will continue to lag behind inflation over the next 12 months, with the resulting cut in real wages set to hit employees hard.
From January 2010, the average earnings index was replaced by the average weekly earnings series as the Office for National Statistics' official measure of earnings growth. Here we explain how to use the statistics, and what they tell us about what is happening to pay growth.
Take part in employment and human resources surveys, check on the progress of recent Brightmine research, and find out what we will be investigating over the coming months.