Thursday, May 16, 2019

Korn Ferry: UK’s Return to Real Pay Raises

By SIMON CONSTABLE

British leaders may be divided over Brexit and which team to root for in the all-English Champions League Final, but they do seem to agree on one issue: employers should pay their workers more.

In the first quarter of the year, wages in the United Kingdom rose 3.5% versus the same period a year ago, according to data from the UK’s Office of National Statistics. It’s the best increase Britain’s workers have had since the financial crisis more than a decade ago and helps reverse a period when the real, or inflation-adjusted, rates of pay declined. Read more here.

Photo by Christopher Bill on Unsplash

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