The future of reward in the U.K.
Webinar. February 22, 2017
Global reward webinar series 2017. This session explores predicted reward challenges in the U.K.
Is your UK pay strategy ready for 2017’s challenges? Those who manage reward in the UK find themselves caught in a pincer between a small budget to fund increases to the pay bill and a tight labor market. The economic outlook continues to be uncertain but we know a sharp rise in inflation is on its way. Most experts are suggesting price rises of around 3% but it is clear from our research that budgets for pay increases in most employers rarely exceed 2.5%. The pincers’ grip is further tightened by the pressure on firms not to pass on all their additional costs which, for manufacturers at least, are rising at their fastest rate for a quarter of a century. And then there are further increases to the National Living Wage, skills shortages - particularly those associated with the drive towards a digital economy – and a more militant attitude to wage negotiations after years of pay restraint.
Given these challenges, now is the time to consider if your pay strategy is ready for 2017 and to gain insights from UK and global trends in reward and talent management. Watch now to discover: Talent management trends and their impact on reward management. Global and UK pay market movements, current hot jobs and hot labor markets in the UK. How multi-nationals and local companies operating in the UK should respond to regulatory changes to stay ahead and retain the best talent.
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