2022 pay rise budgets soar
Employee Benefits
JANUARY 14, 2022
UK employers increased the amount of money they put aside for staff pay rises over the second half of last year, it has emerged. Research by global advisory, broking, and solutions company Willis Towers Watson (WTW) found that average 2022 pay hike budgets grew from 2.9% in July 2021 to 3.2% in December. If these budgets are fully spent, the average pay rise for UK employees would be a third greater this year than the 2.4% seen in 2021, according to the firm’s Salary budget planning repor
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