Cost Of Living Pay Increase For 2024
Cost Of Living Pay Increase For 2024 . The proposed range for the national living wage is between £11.61 and £12.18 (image: Payscale found merit and performance will be the highest driver of base pay increases in 2024, with 79% of companies listing it as a factor, compared to market adjustment and cost of labor (57%), inflation.
Though employees want higher wages to mitigate the cost of living, as organizations prepare for 2024, they need to balance cost management and affordability with employee attraction and retention. Published 3 june 2024 | updated 1 july 2024.
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