Wages in professional and scientific roles keep pace with inflation

The Office for National Statistics has found that growth in wages, excluding bonuses, in the professional and scientific industry, which includes workers in legal services, management, engineering and scientific research jobs, has sat above inflation since November 2018 and has kept pace with price rises over the past year.

However, many employers have been using bonuses to top-up pay. This was particularly the case in the finance sector at the end of 2021, where total pay growth rose steeply to 15.9% in October to December.

Brian Gegg, partner in our employment team, urges employers to consider the affordability of bonus payments, in an article for Personnel Today.

‘The various global and UK-based crisis events that are driving inflation at present are external matters largely out of the control of employers. Yet employees are seeing higher personal and home costs everywhere they look and understandably seek higher wages to help them stand still.’

The current climate can be difficult for employers to navigate; to discover how our employment team might be able to assist you, please visit our employment for corporates page.

To read the full article, please visit the Personnel Today website.