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39% of pay increases worth 6% or more

Employee Benefits

Around two-fifths (39%) of employees received pay rises worth 6% or more in the three months to January 2023, according to research by Incomes Data Research (IDR). It found that 15% gave employees a pay rise between 5% and 5.9%, 16% awarded increases between 3% and 4.9% and 13% gave rises of between 2% and 2.9%.

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Half of 2022 pay awards worth at least 3%

Employee Benefits

Employee pay rises have typically been worth about 3% in 2022, up from a median of 2% last year, according to fresh data. Incomes Data Research (IDR) analysed 57 pay deals already agreed for 2022 and found that around half of reviews had concluded to give employees an increase of 3 per cent or more. on 1 April.

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Top 6 Most Lucrative Careers for Women

Professionals Alternative

Despite some progress, the gender pay gap still exists, particularly in careers for women. Even though the focus around what women are paid usually revolves around the gap between what men are paid, there are also differences between what some careers for women pay compared to others. . One of the well-paying careers for women is CEO.

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The State of American Financial Wellness and Financial Stress, 2022

Best Money Moves

1 ] Another study[ 2 ] found that 75% of U.S. Rising interest rates strain pocketbooks, and that doesn’t include $1.6 Clearly, personal financial stress is on the rise. 42% of full-time employees struggle to pay household expenses on time each month. But, it appears that younger workers are struggling more:[ 5 ].

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