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Career news and advice
Salary budgets set to continue falling
Budgets for salary increases fell at nearly half of UK organisations in 2024, according to a survey.
The poll by global adviser and broker WTW found that 48% of organisations cut their salary budgets last year, in a trend set to continue in 2025. The average budget increase in 2024 was 4.3%; this is expected to fall to 3.9% this year.
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