Employers set to award record pay rises in 2022

CIPD also said there is a ‘clear focus’ on workforce retention. Two-fifths of employers (41%) reported increased employee turnover or difficulty with retaining people over the last six months.

Employers have reported that the median basic pay increase in their organisation (excluding bonuses) in the 12 months to December 2022 will be 3%, the highest figure recorded in the last 10 years of the Chartered Institute of Personnel and Development’s (CIPD) reporting.

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