XpertHR research explores current activity in the UK labour market, including recruitment metrics and key challenges for employers in retaining employees.
At the halfway point in the year, XpertHR's headline pay award is still some way behind inflation but unchanged for the third consecutive rolling quarter. Could this indicate that pay awards have reached a plateau?
Soaring inflation has helped to push annual pay rises to their highest level for 13 years. We investigate whether this trend will continue over the remainder of the year, and how organisations are planning their reward decisions.
XpertHR's headline pay award is unchanged from the previous rolling quarter when it reached its highest level since 2008 and continues to fall behind inflation.