Allwork
MARCH 22, 2024
In 2024, the average increase in base pay rise is expected to be around 4.5%, only slightly above the current inflation rate of 3.2%. According to an analysis of the data published by Yahoo!finance It’s reported that many employers lack formal pay structures and 40% actively discourage salary discussions among employees.
Allwork
MARCH 7, 2024
It’s not just big salaries or fancy office spaces that attract Gen Z workers; finding greater affordability, strong prospects for career growth, and a community that aligns with greater work-life balance are seen as important factors as well. The data suggests that it’s not just big salaries or fancy office spaces that attract Gen Z workers.
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Allwork
OCTOBER 17, 2023
A notable 59% of low-income consumers reported not receiving a salary increase, in contrast to 34% of high-income consumers. Some economists even predict a possible recession by 2024, which could exacerbate income inequality and widen the racial wealth gap. Wage increases are not keeping pace with the escalating cost of living.
Workplace Insight
MAY 28, 2024
Data from the report shows 55 percent of employers are looking to maintain their current headcount, while analysis of turnover from the ONS Labour Force Survey points to lower staff attrition in 2024. Declining staff turnover is being dubbed The Big Stay. It’s the type of trend that often triggers cost cutting.
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