Half of employees have not received a pay rise in over a year despite soaring inflation 

Analysis reveals that 45% of staff have been ready greater than 12 months for a pay rise, as inflation hits 10.1%

As the price of dwelling disaster places strain on family funds new analysis from has discovered that 32% of staff will look to vary roles within the subsequent 12 months, with practically half of these surveyed having not acquired a pay rise in over a 12 months.

Greater than 500 candidates from a variety of industries – together with advertising and marketing, gross sales, know-how and the inventive industries – responded to Aspire’s survey which explores developments within the UK jobs market and what’s driving these developments up to now this 12 months.

The research reveals that nearly half of respondents haven’t acquired a pay rise in additional than 12 months, whereas a 3rd of respondents cited wage as crucial job issue.

Of those that had acquired pay rises, 46.7% have had pay rises of between 0-5%, which is under the ten.1% inflation charge and falls effectively wanting the forecasted 18% charge of inflation in 2023.

Paul Farrer, chairman and founding father of Aspire, who commissioned the analysis mentioned: “The UK continues to grapple with a abilities scarcity, with the document 1.3m job vacancies evidencing simply how troublesome employers are discovering it to rent the fitting expertise.

“However with half of candidates not having acquired a pay rise within the final 12 months – and with important wage development within the sectors Aspire specialises in – we’re seeing what many candidates see: that they stand to profit from altering jobs proper now.

“With inflation pushing up power and gas prices, it is smart that individuals are in search of new roles that supply them a aggressive wage or a pay rise that may shield them from the rising value of dwelling.

“Employers have to be acutely conscious and delicate in direction of how wider societal developments feed into the motivations of staff. Obtain this and employers gained’t simply be higher positioned to draw the fitting expertise – they’ll be capable of retain it too.”