close

Want pay raise? Work 5 days a week in office, Brit firms tell staff

Wages are rising at near-record rates because workers are in short supply even though the economy is headed into recession

Bloomberg
Working professional
Premium

British companies are starting to pay a “five days in the office” premium to lure in staff who have retained bargaining power because workers are in such short supply, the nation’s biggest recruitment agency said.
James Reed, chairman of recruitment the giant Reed, said employers are having to lift wages most in industries such as hospitality, manufacturing and health care where there’s less flexibility to work from home.
Or

Also Read

Labour ministry looking to replace 'minimum wage' by 'living wage': Report

Despite economic recovery, real rural wage growth remains flat in FY23

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

UK needs to cut 200,000 govt jobs over next few years to avoid debt spiral

Once workmen accept criteria on wage board award they can't go back: Court

Cash-strapped Pakistan's prosperity, economy 'Allah ke zimme': FM

US consumer spending softens in December even as inflation eases

Pakistan's power crisis lingers, paralyses economic activities

Cash-strapped Pakistan's currency plunges to Rs 262.6 against US dollar

Pakistani rupee tumbles to all-time low against USD amid IMF condition

First Published: Jan 28 2023 | 12:58 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com