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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.
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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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