Salary Increase 2024 Update Today Uk. 19% plan to increase pay by. Uk employees can expect lower salary increases as employers reduce hiring plans for 2024, with a widening wage gap seen between private and public sector.

Sir keir starmer’s government could need up to £10bn to cover such a pay increase if all public sector workers were given the 5.5% rise, an economist has. In 2023, 96% of organizations increased salaries (compared to 63% in 2020) as overall salary increase budgets and total compensation spend reached new heights.