Money talks | Bosses offering 3% pay rise may still lose staff

• UK employers are hopeful of awarding staff their highest pay rises in over a decade this year

• This wage hike of three per cent is the latest effort to increase employee retention during the ‘Great Resignation’

• Yet, why are some experts warning that this pay increase might not be enough to keep hold of staff? And what can bosses do to negate this?

British firms are expecting to hand their workforces an average pay rise of three per cent this year, The Guardian has reported.