Reward Strategy

LATEST NEWS

SEARCH

LATEST NEWS

Wage growth worse than expected

Basic pay in the UK economy grew by just 1.7% year-on-year in the three months to April.

Twitter LinkedIn

The figures, released by the Office for National Statistics, are worse than expected, and represent the lowest rise in regular pay since February 2016.

 

If bonuses are included, average pay grew by 2.1% - still not enough to keep pace with inflation, which was 2.7% in April, and 2.9% in May.

 

The ONS says latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) fell by 0.4% including bonuses, and fell by 0.6% excluding bonuses, compared with a year earlier.

 

TUC general secretary Frances O’Grady said: “Real wages have fallen for the second month in a row. Unless the government gets its act together, we’ll soon be in the middle of another cost of living crisis.

 

“Ministers must focus on delivering better-paid jobs across the UK. And it’s time to bin the artificial pay restrictions on nurses, midwives and other public sector workers.

 

“Britain needs a pay rise, not more pressure on household budgets.”

Twitter LinkedIn

You might also like

DWP contacting payroll about changes to employee deductions

The Department for Work and Pensions will be contacting payroll departments who are making child maintenance deductions from employees’ pay to the Child Support Agency (CSA).

National Payroll Week puts sector in the spotlight at Westminster

Monday 4 September marked the start of National Payroll Week, with the theme of ‘Putting payroll in the spotlight’.

Sexual harassment going unreported in large firms

One in eight large UK employers admits knowing sexual harassment has gone unreported in their workplace, according to a YouGov survey.

Low-paid mums and dads penalised over flexible work, study reveals

Asking for family-friendly working patterns leads to getting fewer hours, worse shifts and in some cases losing their jobs, low-paid mums and dads report.

More Stories

Event of the Month

The Rewards

LATEST NEWS STRAIGHT TO YOUR INBOX

Reward Strategy

Did you find our website useful?

Thank you for your input

Thank you for your feedback

reward-strategy.com - an online news and information service for the UK’s payroll, reward, pensions, benefits and HR sectors. reward-strategy.com is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Reward Strategy is committed to diversity in the workplace.
© Copyright Shard Financial Media Ltd