Home Business News UK workers to receive lower salary increase in 2020

UK workers to receive lower salary increase in 2020

by LLB Editor
13th Nov 19 7:46 am

ccording to the latest Salary Trends Report by ECA International (ECA), UK employees in the private sector are expected to see a real salary increase of 1.1 percent in 2020, the equivalent of almost £27.89 a month (£334.62 per annum) for the average worker¹ before tax. This is following a better than expected real salary increase for UK workers in 2019 (1.2 percent on average), receiving an average real salary increase of £355.06.

The real salary increase is calculated based on the difference between the forecast nominal salary increase (3 percent in the UK) and the expected level of inflation. Although the forecasted nominal increase for 2020 has remained the same as last year, higher inflation forecasted for 2020 (1.9 percent) will squeeze real salary earnings to just 1.1 percent.

The annual Salary Trends Report from global mobility experts ECA International, analyses current and projected salary increases for local employees in 68 countries across the world.

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