Wages
This coverage examines wage trends and policies in the UK retail sector, focusing on pay levels, employer contributions, labour cost management, and compliance. Reporting highlights how changes in wages impact staffing budgets, recruitment, retention, and operational planning — offering insight for executives, HR leaders, and finance professionals managing workforce investments.
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Sep- 2022 -28 SeptemberAnalysis
Will Patagonia spark an eco revolution?
Becoming net zero and sustainable are some of the top priorities for global companies today, with many promising to reduce their carbon footprint or offset it by planting trees. But there comes a point where promises and offsetting isn’t enough. And Patagonia has done exactly that. The Chouinard family, former…
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13 SeptemberEconomy
Unemployment falls to lowest level since 1974
Unemployment has fallen to its lowest level since 1974, currently sitting at 3.6% for the three months to July, according to the latest figures from the Office for National Statistics (ONS). The ONS also found that while unemployment fell there was also a decrease in the employment rate, while the…
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9 SeptemberEconomy
UK workers face £2,000 hit to real wages
UK workers are facing a £2,000 hit to their real wages by the end of 2022 as the UK economy confronts a “highly volatile and uncertain” inflationary outlook, according to the latest PwC Economic Outlook. PwC expects that the UK will likely report growth of between 3.6% in the “mild…
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5 SeptemberFeatures
Are we set for a winter of strike action in the Retail industry?
As the RMT strike makes waves across the UK, the incoming cost-of-living-crisis has come into sharp focus. With energy bills set to skyrocket to unprecedented levels, concerns about how the public is going to survive the winter have been contrasted with rising profits from oil and gas companies. With coordinated…
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Aug- 2022 -17 AugustEconomy
Inflation hits new 40-year high at 10.1%
Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI) hit 10.1% in the 12 months to July 2022, up from 9.4% in June. According to the Office for National Statistics (ONS), the biggest contribution to this figure was rising…
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16 AugustAnalysis
Staff satisfaction should be top of Amazon’s agenda
Amazon has been making plenty of headlines recently, with news of its recent Q2 financial results depicting a net loss of £1.6bn in spite of a 7% increase in sales. However, out of all the Amazon-related news circulating, its current battle with unions and the company’s refusal to offer staff…
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16 AugustEconomy
Wages see highest fall on record amid rising inflation
Regular pay in the UK has fallen by a “record” 3% in the quarter ending June 2022, the steepest decline since records began two decades ago, as the nation continues to battle rising inflation and the cost-of-living crisis. Not accounting for inflation, growth in regular pay, excluding bonuses, would be…
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Jul- 2022 -20 JulyEconomy
Brazel’s win to place financial burden on thousands of employers
The Supreme Court has today (20 July) ruled that employees who only work for part of the year are entitled to the same holiday pay as colleagues who work the full year, which could lead to umbrella companies liable for thousands of claims for backdated holiday pay, law firm Irwin…
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8 JulyNews
Cost of living crisis weighs on retail sales growth
High levels of inflation and the deepening cost of living crisis have prompted further slowing of retail sales growth, according to BDO’s High Street Sales Tracker (HSST). It found that total like-for-like (LFL) sales, combined in-store and online, increased by +8.4% in June compared to the equivalent month in 2021,…
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1 JulyEconomy
UK SMEs hit by hiring woes despite ‘record’ wage rise
SMEs across the UK are “facing more woes” as they struggle to fill vacancies despite a strong 14.3% increase in year-on-year sales growth and a “record” 5% rise in wages, according to new data from Xero. It found that SMEs are “struggling to compete with big business” when it comes…
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