Pay, Performance and Transparency 2024

Against a backdrop of economic uncertainty, a tight labour market and a rapid jump in living costs, the CIPD Pay, performance and transparency report, supported by ADP, looks at the main influences driving pay rises. While inflation and the cost of living had the most impact on pay decisions in 2023, this trend looks set to continue throughout 2024, with 44% of respondents still feeling unable to predict when employee pay might recover from the recent inflationary spike. The report highlights what impact the cost-of-living crisis has had on ‘real’ wages and how employers can help with the financial well-being of their employees.
 
If pay, performance, or transparency are important questions for you or your organisation, download the report.