Cost-of-living crisis | Nearly half of workers haven't had a pay rise in more than a year

Nearly half of workers haven't had a pay rise in more than a year

Research reveals that 45% of workers have been waiting more than 12 months for a pay rise, as inflation hits 10.1%.

As the cost-of-living crisis puts pressure on household finances, research from Aspire – a recruitment agency – has found that 32% of workers will look to change roles in the next 12 months, with nearly half of those surveyed having not received a pay rise in over a year.

More than 500 candidates from a range of industries – including marketing, sales, technology and the creative industries – responded to Aspire’s survey which explores trends in the UK jobs market and what’s driving those trends so far this year.

The study reveals that almost half of respondents (45.5%) have not received a pay rise in more than 12 months, while a third (33.5%) of respondents cited salary as the most important job factor.

Continue reading for FREE!

Sign up for a myGrapevine account to get:

  • Unlimited access to News content
  • The latest Features, Columns & Opinions
  • A full range of specialist HR newsletters to choose from

Welcome Back

Sign up for myGrapevine

* By creating an account you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products. You will also be added to the HR Grapevine newsletter mailing list.