LATEST INTELLIGENCE

Executive Summary

The sense that workers want – and need – a lot from their job is stronger than ever . They require remuneration that keeps pace with rising living costs as well as making them feel valued for their efforts . They need work to satisfy them personally and professionally , giving them the flexibility that so many people have come to expect in recent years . They want a supportive company culture that strives for fairness and inclusivity . And they expect employers to invest in their futures via proactive career development and training opportunities .

Our key findings on all these issues include :

1 . Pay and compensation : how much is enough ?

Workers have high expectations for pay rises this year . More than six in 10 ( 62 %) received a rise last year with increases averaging 6.4 %. But that ’ s unlikely to silence demands for more : especially since 44 % think they are underpaid for their job .

Over eight in 10 ( 83 %) workers expect a rise in 2023 and on average they foresee an 8.3 % uplift . But just over a third ( 34 %) expect an increase of 10 % or more .

Men both received and anticipate bigger pay rises than women – and yet they ’ re more inclined to say they ’ re not paid enough . Incorrect payments remain a persistent problem .

At a time when the cost-of-living crisis has been squeezing workers ’ finances , 43 % say they ’ re always , often or sometimes paid less than they should be , potentially exacerbating cashflow problems and possibly causing financial hardship . x

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