Employers project 4.6% pay increase, employees expect 3.8%, showcasing skills shortages' impact on budgets and demand for specialized talent. Workers in critical sectors foresee higher increases, reflecting the disparities in pay rise expectations based on qualifications.
Majority anticipate a pay rise, but prioritize job safety over pay due to economic uncertainty. Data shows 65% expect salary boost, with 25% willing to take no action if increase not granted. Alternative money-saving measures include changing employers, reducing non-essential spending, seeking additional income sources, or relocating for lower living costs.
#pay-increase-expectations #skills-shortages-impact #employee-preferences #economic-uncertainty #cost-of-living-crisis
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