UK employers plan to rein in pay rises in 2020 – XpertHR

LONDON (Reuters) – British employers plan to scale back their pay rises for staff next year, an industry survey showed on Thursday, suggesting overall earnings growth is likely to slow from its current 11-year high.

Human resources data company XpertHR said the 123 private-sector employers it surveyed expect to offer a median 2.1% annual pay settlement between now and the end of August 2020, compared with an average 2.5% over the past 12 months.

“While the strong labour market continues to put pressure on employers to raise wages, other costs and an uncertain…
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