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Average pay growth high but failing to keep pace with inflation

Employee Benefits

Growth in total pay , including bonuses, was 5.9% in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS). For pay excluding bonuses, this was the highest growth rate seen outside of the Covid-19 pandemic.

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The top 10 most-read articles between 10 – 16 February 2023

Employee Benefits

The top 10 most-read articles on www.employeebenefits.co.uk in next financial year The post The top 10 most-read articles between 10 – 16 February 2023 appeared first on Employee Benefits. The top 10 most-read articles on www.employeebenefits.co.uk

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How inflation affects pay raises

Business Management Daily

One word: inflation. No matter which grocery store aisle you browsed, inflation rates made life vastly more expensive, with no help from the federal reserve in sight. On the contrary, corporate profits reached record highs in 2021, peaking just above $2.8 How is that even possible? So what’s the answer?

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Electricity and Socialism

Florida Workers' Comp

The per-gallon rate will not keep pace with inflation. The excise model is designed to fail in this regard. Back to the way gas taxes began as a "user pays" concept. The vehicles would be the customers using the roads, and by taxing the gasoline those who use the roads most pay the most. It is simple math.

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Offering Child Care Benefits to Employees

Best Money Moves

Another study, by New America’s Better Life Lab and Care.com, found that the average annual cost of full-time center-based child care ($9,589) is more expensive than in-state college tuition ($9,410). . One of the major challenges, when it comes to affording a home, is the high cost of child care.