NI increase has not caused ‘knee-jerk reaction’ in pay awards

Pay Set to Hold Steady

Data from HR insights provider Brightmine indicates that a drop in pay awards is unlikely in the near term despite the recent increase in National Insurance co

Job adverts drop below normal levels

Latest data shows that job adverts have dropped since the announcement of the rise in National Insurance last year. In the four months following the Autumn Budget, job vacancies fell by 15.1% across the country compared to four months before. And while it is considered normal for the volume of advertised jobs to fall during this period, it was 30% higher compared to previous years. Interestingly, while London’s job market stayed relatively stead…

UK pay awards hold steady at 3% in first quarter

Stuart Gentle Publisher at Onrec 23 Apr 2025|News archiveUK pay awards hold steady at 3% in first quarter Despite UK GDP rising 0.5% in February, employers show restraint on pay decisions amid broader economic pressure.New data from Brightmine, the HR data and insights provider, reveals a consistent picture for pay awards in the first quarter of 2025, with the median pay award remaining at 3% for the fourth consecutive rolling quarter.   Despite…

NI increase has not caused ‘knee-jerk reaction’ in pay awards – Hoffeldt

Personnel Today Despite the recent increase in National Insurance contributions, data from Brightmine, indicates that a sharp drop in pay awards is unlikely in the near term. The post NI increase has not caused ‘knee-jerk reaction’ in pay awards appeared first on Personnel Today. Go to Source 23/04/2025 – 00:05 /Adam McCulloch SoMe: @hoffeldt.bsky.social

NI increase has not caused ‘knee-jerk reaction’ in pay awards

Despite the recent increase in National Insurance contributions, data from Brightmine, indicates that a sharp drop in pay awards is unlikely in the near term. The post NI increase has not caused ‘knee-jerk reaction’ in pay awards appeared first on Personnel Today.