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Median base pay rise expected for 2023 reaches 5%

Employee Benefits

The median base pay rise expectation among UK employers for 2023 is 5%, according to research by the Chartered Institute of Personnel and Development (CIPD). In the public sector, the median base pay rise expectations were lower, at 2%.

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

Employee Benefits

in next financial year The post The top 10 most-read articles between 10 – 16 February 2023 appeared first on Employee Benefits. 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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Majority of UK job roles still pay men more than women

cipHR

While the UK’s gender pay gap has been slowly narrowing over time, the latest employee earnings figures from the Office for National Statistics (ONS) show that millions of UK workers are employed in occupations where men are paid more than women. That’s around four in five occupations with a gender-based pay disparity.

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Half of private sector pay awards will give at least 5% raise in 2023

Employee Benefits

More than half (53%) of pay awards have given or are set to give employees increases of 5% or more in 2023, compared with a third of awards hitting that level last year, according to the latest monitoring figures from Incomes Data Research (IDR). on 1 April.

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Today’s Top Compensation Trends

CorpStrat

Although some organizations may cut jobs or reduce hiring as economic growth slows, some are paying higher employee wages to keep and win top talent. Today, workers can demand higher pay and better benefits as many employers face a worker shortage and struggle with employee attraction and retention.

Salary 52
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Six Notable HR and Benefits Trends for 2023

Griffin Benefits

As such, savvy HR leaders and professionals will approach 2023 with human-centric strategies that holistically support and benefit workers. Today we'll highlight six HR trends to follow in 2023. 1) INCREASED WAGES & RAISES There are more open jobs than people to fill them, and inflation is impacting employees’ pay expectations.

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Demystifying the National Minimum Wage in the UK: A Comprehensive Guide

Empuls

The minimum wage is the lowest legal hourly wage that an employer must pay its employees for their labor. Instituted in 1999, the NMW was introduced to counteract low pay and ensure that workers receive a fair wage for their labor. Here, we look closer at the National Minimum Wage in the UK in 2023. What is Minimum Wage?