Around 5% of companies with 250 or extra staff have supplied a one-off cost-of-living cost to their staff within the final three months.
The determine comes from the Office for National Statistics’ Business Insights report, which additionally says the speed was simply 1% amongst smaller companies.
It comes regardless of many companies combating their very own rising prices, with 27% saying their principal concern is inflation, and 20% saying it’s the price of vitality.
Sky News has beforehand reported that housebuilders Barratt and Taylor Wimpey supplied employees £1,000 to assist them address the rising value of dwelling.
At Barratt, the cost was for six,000 employees beneath senior administration stage and at Taylor Wimpey it was for staff on salaries below £70,000 – roughly 90% of its workforce.
Lloyds, Rolls-Royce, and HSBC are additionally among the many huge corporations to have given staff bonuses to assist them address costlier payments.
In February, Bank of England Governor Andrew Bailey was criticised for suggesting that staff shouldn’t ask for large pay rises, as they might be fuelling inflation.
This is due to the chance that employers will then move on the price of larger wages to shoppers within the type of larger costs, creating an inflation spiral.
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How inflation hits completely different elements of the nation
The financial institution hiked charges by 50 foundation factors final week – the sixth rise since December and the largest rise since 1995 – one of many few instruments it has to battle inflation.
But, with inflation final recorded at 9.4% and vitality worth forecasts getting extra dire by the week, many staff are left with little selection however to hunt pay rises.
Various unions have launched strike motion, or are making ready to, together with rail staff, bus drivers, postal staff, barristers, and port staff.
They are all looking for higher pay forward of what’s anticipated to be a troublesome winter for a lot of of these on low incomes.
Source: information.sky.com”