Zoe Woolacott | 07 Dec 2023

Pay awards to trend down but range will persist

Two-thirds of employers anticipate awarding lower increases to staff in 2024 compared with this year, according to IDR’s recent poll of employers’ pay intentions. Meanwhile, 27% said that the level of pay rise in 2024 is likely to be the same as the level of increase awarded in 2023 and just 7% of employers in the sample expect that pay awards in 2024 will be higher when compared to this year’s outcomes. These findings hint at 

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