Exciting news on the horizon for your wallet! 💰 Get ready as 2026 is set to bring a pay rise for many, with over 40% of employers planning to hike salaries similarly to last year. According to Incomes Data Research, more than 60% of pay increases are expected to be between 3% and 3.99%. 📈
The study, which surveyed 121 private sector companies employing more than 2.8 million workers, highlights affordability and inflation as key factors influencing these decisions. Inflation, currently higher than last year, has put pressure on wages to rise, showing up as a top concern for employers.
Zoe Woolacott from IDR explains, “Inflation continues to be a significant consideration for businesses when deciding on pay changes.” This could mean a bit more breathing room in your budget next year!
How do you feel about the projected salary increases? Are they enough to keep up with living costs? Share your thoughts in the comments below! 💬
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