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Wage Spiral to Continue

Unresolved skills shortages, growth-ambitious business leaders and a cost-of-living crisis have all exacerbated the high quit rates of 2023. The result – the highest annual growth in regular pay the UK has experienced in the past two decades.

United kingdomMatt westonRobert halfFinancial accountantPurchase ledger managerBillings clerkFinancial controllerSenior managing director united kingdom

Wage spiral predicted to continue in 2024

Adding to the BoE worries, recent data shows annual pay growth for some in-demand roles as high as 36.2% • 41% of employers to offer a flat-rate salar.

United kingdomMatt westonVickie collingeOperations administrationSoftware development applicationsFinancial controllerSoftware development applications supportBillings clerkRobert halfFinancial accountantPurchase ledger managerSenior managing director united kingdomSalary guideTalent shortageK salariesUk pay

Wage spiral predicted to hit as high as 36 2% in 2024 adding to Bank of England worries

Wage spiral predicted to hit as high as 36 2% in 2024 adding to Bank of England worries
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United kingdomMatt westonRobert halfFinancial accountantPurchase ledger managerBillings clerkFinancial controllerSenior managing director united kingdom