British workers feel under appreciated as research reveal pay rises fail to keep pace with inflation
British workers feel under appreciated as research reveals pay rises fail to keep pace with inflation
Two fifths (43%) of workers have not received inflationary pay rises within the last two years, according to research* released today by one of the UK’s leading independent recruitment consultancies, Change Recruitment Group.
One in five (20%) said they had received nothing at all, and the vast majority of respondents (71%) subsequently felt that they would be paid better if they worked for a different organisation. Over half (52%) also thought benefits would be better if they jumped ship.
Over a third (35%) felt they were not appreciated by their organisation, whilst two fifths (42%) said they have had to work longer hours post-recession.
The figures highlighted that frustrations are starting to show as three quarters (74%) confess to job hunting, with almost half (44%) of those looking for a move doing so in order to take a step up.
Mark McFall, Change Recruitment’s domestic managing director said: “While a pay rise is always welcome, workers do understand the economic situation is having a direct effect on their career progression – be that in the form of promotion or wage increases.
“However, it’s important for employers to realise that its not just pay that keeps workers happy – and that appreciation goes a long way towards giving them the confidence that what they do is valued by management.”