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Home » HR News » Salary increases across Europe: Brits falling behind with pay rises
Posted on Apr 30, 2021
The UK is falling behind with annual average salary increases, according to new research which analysed the pay rates for countries over the past two decades.
With the pandemic meaning financial worry and pay freezes for many employees across the country, the research from payroll software provider Mitrefinch, found the UK ranks in 20th place for annual salary increases, behind Ireland, France and the US.
The data shows salaries have risen by 20% for full-time workers in the UK since 2000, compared to 35% for Ireland. Despite having the 7th highest real minimum wage at £7.56 , the UK is behind in rankings as neighbouring countries improve their salary offerings at a faster rate.