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Stagnant Salaries: UK's Wage Growth Hits 3-Year Low | Business
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Low | Business", "image": { "@context": "http://schema.org", "@type": "ImageObject", "width": "100px", "height": "100px", "url": "https://www.devdiscourse.com/remote.axd?https://devdiscourse.blob.core.windows.net/imagegallery/29_02_2020_19_16_04_3385426.jpg?width=920" }, "datePublished": "2025-02-19T05:35:01+05:30", "dateModified": "2025-02-19T05:35:01+05:30", "author": { "@type": "Person", "name": "Devdiscourse News Desk" }, "publisher": { "@type": "Organization", "name": "Devdiscourse", "logo": { "@type": "ImageObject", "url": "https://www.devdiscourse.com/AdminFiles/Logo/devdiscourse_news.png" } }, "description": "In the latest economic update UK employers have maintained pay increases at the lowest level seen since 2021 with median awards holding steady at 3 in the past three months according to a new survey by Brightmine This reflects a trend towards modest pay rises amid economic challenges" } </script> <div class="container full-width mt-minus-30"> <div 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style="display:none;" data-articleurl="3269804-stagnant-salaries-uks-wage-growth-hits-3-year-low" data-articletitle="Stagnant Salaries: UK's Wage Growth Hits 3-Year Low"></div><div class="row"> <div class="col-md-8"> <article> <h1 class="title">Stagnant Salaries: UK's Wage Growth Hits 3-Year Low</h1> <h2 class="sub-title">A survey by Brightmine reveals that UK employers held pay increases at the lowest levels since 2021, maintaining a 3% median award. The move comes as businesses grapple with economic pressures, with future wage growth potentially affected by rising social security contributions and a stagnating economy.</h2><hr class="seperator" /> <div class="m-b-10 m-t-10"> <span><a href="/devdiscourse-stories">Devdiscourse News Desk</a></span> <span class="list-divider"> | </span><span class="text-capitalize">London</span><span class="list-divider"> | </span><span>Updated: 19-02-2025 05:35 IST | Created: 19-02-2025 05:35 IST</span> </div><figure class="figure"> <picture> <source srcset="https://www.devdiscourse.com/remote.axd?https://devdiscourse.blob.core.windows.net/imagegallery/29_02_2020_19_16_04_3385426.jpg?width=920&format=webp" type="image/webp"> <source srcset="https://www.devdiscourse.com/remote.axd?https://devdiscourse.blob.core.windows.net/imagegallery/29_02_2020_19_16_04_3385426.jpg?width=920&format=jpeg" type="image/jpeg"> <img data-src="https://devdiscourse.blob.core.windows.net/imagegallery/29_02_2020_19_16_04_3385426.jpg" src="https://devdiscourse.blob.core.windows.net/imagegallery/29_02_2020_19_16_04_3385426.jpg" class="img-responsive lazyload" alt="Stagnant Salaries: UK's Wage Growth Hits 3-Year Low" /> </picture> <figcaption class="fig-caption"> </figcaption> </figure><section class="left-section clearfix"> <ul class="list-inline no-margin pull-left l-h-28"> <li>Country:</li> <li class="fg-orange">United Kingdom</li> </ul><ul class="list-inline no-margin share-button-list"> <li class="l-h-28">SHARE</li> <li> <a class="social-btn" aria-label="Share on Facebook" onclick="window.open('https://www.facebook.com/sharer/sharer.php?u=https://www.devdiscourse.com/article/business/3269804-stagnant-salaries-uks-wage-growth-hits-3-year-low', 'facebook_share','height=320, width=640, toolbar=no, menubar=no, scrollbars=no, resizable=no, location=no, directories=no, status=no');" href="javascript:void(0);" title="Share on Facebook"> <span class="fa fa-facebook fb"></span> </a> </li> <li> <a class="social-btn" aria-label="Share on Twitter" onclick="window.open('http://twitter.com/share?url=https://www.devdiscourse.com/article/business/3269804-stagnant-salaries-uks-wage-growth-hits-3-year-low&text=Stagnant+Salaries%3a+UK%27s+Wage+Growth+Hits+3-Year+Low', 'facebook_share', 'height=320, width=640, toolbar=no, menubar=no, scrollbars=no, resizable=no, location=no, directories=no, status=no');" href="javascript:void(0);" title="share on Twitter"> <span class="fa fa-twitter tw"></span> </a> </li> <li> <a class="social-btn" aria-label="Share on LinkedIn" onclick="window.open('https://www.linkedin.com/shareArticle?mini=true&url=https://www.devdiscourse.com/article/business/3269804-stagnant-salaries-uks-wage-growth-hits-3-year-low&title=Stagnant+Salaries%3a+UK%27s+Wage+Growth+Hits+3-Year+Low&summary=A+survey+by+Brightmine+reveals+that+UK+employers+held+pay+increases+at+the+lowest+levels+since+2021%2c+maintaining+a+3%25+median+award.+The+move+comes+as+businesses+grapple+with+economic+pressures%2c+with+future+wage+growth+potentially+affected+by+rising+social+security+contributions+and+a+stagnating+economy.&source=devdiscourse.com', 'linkedIn_share', 'height=620, width=400, toolbar=no, menubar=no, scrollbars=no, resizable=no, location=no, directories=no, status=no');" href="javascript:void(0);" target="_blank" title="Share on LinkedIn"> <span class="fa fa-linkedin ln"></span> </a> </li> <li> <a class="social-btn" aria-label="Subscribe on Youtube" rel="noopener" href="https://www.youtube.com/channel/UC28dlbVXA88OyB83dM8BEYg?sub_confirmation=1" target="_blank" title="Subscribe on Youtube"> <span class="fa fa-youtube yt"></span> </a> </li> </ul> </section> <hr class="seperator m-b-20" /> <section class="article-cont"> <p>In the latest economic update, UK employers have maintained pay increases at the lowest level seen since 2021, with median awards holding steady at 3% in the past three months, according to a new survey by Brightmine. This reflects a trend towards modest pay rises amid economic challenges.</p><p>Brightmine has highlighted concerns that an upcoming increase in employers' social security contributions, combined with a hike in the minimum wage, could further impact pay decisions, leading to slower wage growth. Despite a brief economic uptick in late 2024, the Bank of England forecasts a slowdown in pay increases.</p><p>While turnover rates remained stable throughout 2024, Brightmine's Sheila Attwood warns that balancing cost control with competitive pay is crucial to prevent potential staffing challenges in the coming year. Effective retention measures could be vital in maintaining workforce stability.</p> <p>(With inputs from agencies.)</p></section><section> <ul class="list-inline"> <li class="f-18">READ MORE ON:</li> <li> <a href="/news?tag=UK+employers" class="tag">UK employers</a> </li> <li> <a href="/news?tag=wage+growth" class="tag">wage growth</a> </li> <li> <a href="/news?tag=pay+increases" class="tag">pay increases</a> </li> <li> <a href="/news?tag=Brightmine+survey" class="tag">Brightmine survey</a> </li> <li> <a href="/news?tag=economic+pressures" class="tag">economic pressures</a> </li> <li> <a href="/news?tag=social+security+contributions" class="tag">social security contributions</a> </li> <li> <a href="/news?tag=minimum+wage" class="tag">minimum wage</a> </li> <li> <a href="/news?tag=turnover+rates" class="tag">turnover rates</a> </li> <li> <a href="/news?tag=British+economy" class="tag">British economy</a> </li> <li> <a href="/news?tag=Bank+of+England" class="tag">Bank of England</a> </li> </ul> </section><div class="advertisement-area m-t-10"> <div class="advertisement-title">Advertisement</div> <div id="v-devdiscourse-v2"></div> <script data-cfasync="false">(function (v, d, o, ai) { ai = d.createElement('script'); ai.defer = true; ai.async = true; ai.src = v.location.protocol + o; d.head.appendChild(ai); })(window, document, '//a.vdo.ai/core/v-devdiscourse-v2/vdo.ai.js');</script> </div> <div class="also-container"> <div> <h2 class="ar-title">ALSO READ</h2> <ul class="ar-ul"> <li class="also-title"><h3 class="f-18 no-margin font-normal l-h"> <a href="/article/law-order/3256899-sa-national-minimum-wage-increase-to-r2879-per-hour-effective-march-2025" class="text-decoration"> SA National Minimum Wage Increase to R28.79 per Hour Effective March 2025</a></h3> </li><li class="also-title"><h3 class="f-18 no-margin font-normal l-h"> <a href="/article/headlines/3259624-spain-boosts-minimum-wage-by-44" class="text-decoration"> Spain Boosts Minimum Wage by 4.4%</a></h3> </li><li class="also-title"><h3 class="f-18 no-margin font-normal l-h"> <a href="/article/international/3264357-can-minimum-wages-fight-poverty-lessons-from-indonesias-economic-policies" class="text-decoration"> Can Minimum Wages Fight Poverty? 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