Remove 2023 Remove Bonuses Remove Workplace Flexibility
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49% of UK organisations’ 2024 salary budgets were lower than the previous year

Employee Benefits

The findings revealed that overall salary budget increases are expected to rise by 4% in 2025, despite consistently declining since 2023, while the overall median pay rise for 2024 fell to 4.6%, compared 5.3%

Salary 105
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UK salary budgets expected to decline in 2024

Employee Benefits

increase in 2023 and the average 4.3% Additional measures include higher base salaries (36%), hiring people in relevant salary ranges (35%), targeted base salary increases (34%) and enhanced use of retention bonuses (27%). This is lower than the average 5.1% 2022 pay rises.

Salary 69
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Industry: the art of working from anywhere

Workplace Insight

The ability to fit work around your children’s or family life, especially since child and/or caring for sick or elderly relatives is so costly and not easily available, has meant that since February 2023, the labour force participation rate for women between the ages of 25 and 54 has exceeded an all-time high (at least in the USA).