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U.K. Wage Inflation Emerges With Post-Lockdown Staff Shortages

From bnnbloomberg.ca

British companies are raising wages more rapidly to overcome difficulties in attracting staff, adding to upward pressures on inflation as pandemic restrictions ease. Starting salary increases approached a seven-year high, with all regions of the U.K. experiencing rapid rises, according to data from the Recruitment and Employment Confederation, KPMG and IHS Markit. The jobs site Indeed said hospitality companies in particular were lifting wages, with some offering sign-on bonuses to entice workers. “We are seeing wage inflation directly linked to demand,” said Niki Turner-Harding, senior vice president of the ... (full story)

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