26 Sep 2022

Pay Planning for 2023


This report details the findings from IDR’s latest research on pay planning and explores how employers have shaped their pay and reward in 2022, as well as looking at prospects for the coming year.

The report contains detailed findings from IDR’s pay planning study and is a valuable resource for reward practitioners when it comes to planning for pay during a time of high inflation and a tight labour market. The survey was conducted in the summer of 2022 and received responses from 121, mostly large, private sector organisations, together employing nearly a one and a half million workers. Participants were asked about their experience of pay-setting during 2022 as well as questions on their intentions and strategies for 2023.

The report provides analysis and commentary on these topics, as well as the results from a series of questions that were posed on the impact of higher inflation on pay strategies as well as recruitment, retention and staffing. The report also includes the latest intelligence from IDR on pay awards, inflation and key labour market statistics. 

If you have any further questions about our research or this report, please contact the office on +44(0)1702 669549