1 in 10 UK professionals have confirmation of a pay rise in 2022
The study, which surveyed more than 4,000 workers, revealed that only 11% of workers have been informed that they will be getting a pay rise this year, with 81% reporting that the topic is being ignored and eight percent knowing for sure that they will not be getting a pay increase.
In light of this, an overwhelming 73.5% feel unsupported and that their employer is being unsympathetic to the mounting pressure and impact of rising costs upon staff.
This news comes as the latest monthly job market data is revealed. Impacted by Easter and school holidays, both job postings and applications were down on the previous month. With a drop of -13.4% and -12.8% respectively, applications to jobs remined more stable.
Lee Biggins, CEO and founder of CV-Library commented: “There is no doubt that rising costs and global uncertainty are beginning to impact the job market. Whilst businesses need to balance their own increased costs with the salary needs and expectations of their staff, it’s vital that they take action and at least open lines of communication with their employees.”
Biggins continued: “With unfilled vacancies still high it will be tempting for professionals to look elsewhere if they don’t have any clarity and continue to feel unsupported. We’re beginning to see evidence of this with number of new CV’s registered on CV- Library last month up 13.4% year on year.”
2022-05-09
