UK employers are grappling with significant wage inflation, as 53% report increased wage costs amidst employee dissatisfaction due to insufficient pay growth and transparency.
Despite the rising wage costs and pressures, only 47% of workers are satisfied with their pay, revealing a critical mismatch between employee expectations and employer offerings.
The ongoing cost-of-living crisis exacerbates financial strain for both employers and employees, leading to a deep disconnect between what employees need and what employers can provide.
With 42% of businesses facing challenges in managing pay transparency, there is an urgent need for improved communication to bridge the gap in employee satisfaction and engagement.
#wage-growth #employment-satisfaction #payroll-challenges #cost-of-living-crisis #employee-engagement
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