Cost-of-living crisis | HR warned to expect surge of pay rise requests

HR warned to expect surge of pay rise requests

With inflation rates at a 40-year high, household bills skyrocketing, and the threat of a recession looming, employers are being warned to prepare for an influx of requests for a pay raise from employees.

On average, wages increased by 4.7% over the last year which, on the surface, sounds like a good deal. But this has been outstripped by inflation, meaning that wages have actually fallen by 3%.

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