Jobs
Recruiter Warns Pay Grievances Could Drive UK Wage-Price Spiral
- Robert Half says worker confidence high, pay satisfaction low
- Findings may alarm inflation-fighters at the Bank of England
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A worrying combination of high job confidence and low satisfaction with pay is likely to keep driving tightness in the UK labor market and fueling pay growth, according to recruitment firm Robert Half.
Sixty-two percent of workers felt confident in their job prospects in the first quarter — up from 53% at the end of 2022, Robert Half’s Jobs Confidence Index showed. Job security, one of four gauges that make up the index, climbed to the highest level in data going back to 2009.