{"id":16651,"date":"2018-11-14T00:00:00","date_gmt":"2018-11-14T06:00:00","guid":{"rendered":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/"},"modified":"2018-11-14T00:00:00","modified_gmt":"2018-11-14T06:00:00","slug":"slow-uk-wage-growth-despite-fall-in-unemployment","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/","title":{"rendered":"Slow UK Wage Growth Despite Fall in Unemployment"},"content":{"rendered":"<p> <!-- .post-meta --><\/p>\n<p><span style=\"font-weight: 400\">The state of Britain&#x2019;s economy might seem to be going from strength to strength, <\/span><a href=\"\/uks-unemployment-lowest-since-1975\"><span style=\"font-weight: 400\">with unemployment now at its lowest since the winter of 1974-1975<\/span><\/a><span style=\"font-weight: 400\">. This headline record, however, masks other data which is showing that the boom might not be the magical panacea to all the fears many have about the fallout from Brexit.<\/span><\/p>\n<p><img class=\"lazyload\" data-src=\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg\" alt height=\"400\"><\/p>\n<p><b>UK Pay Growth Isn&#x2019;t Keeping Pace<\/b><\/p>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2018\/aug\/14\/uk-unemployment-falls-pay-growth-jobless-rate\"><span style=\"font-weight: 400\">UK pay growth has failed to keep pace with the growth in employment<\/span><\/a><span style=\"font-weight: 400\"> and has decreased on a year-on-year basis. This is despite the upward pressure on wages that was expected to come about from a scarcity of labor. The Bank of England had predicted that UK pay growth would increase significantly due to the employment profile of the country, subsequently raising interest rates to prevent the economy from overheating. <\/span><\/p>\n<p><span style=\"font-weight: 400\">However, real pay managed to rise by just 0.1% after inflation year-on-year, which is not an encouraging sign for those believing that the country will come through its plan to leave the European Union economically unscathed. <\/span><\/p>\n<p><b>The Question of Zero-Hour Contracts<\/b><\/p>\n<p><span style=\"font-weight: 400\">Though UK pay growth has not matched what officials would have expected at this time for the economy, there have been some other positive results to emerge about how business in the UK is <\/span><a href=\"http:\/\/www.clarizen.com\/teams\"><span style=\"font-weight: 400\">coping with the fluctuating labor market<\/span><\/a><span style=\"font-weight: 400\">. The number of employees on zero-hours contracts, often held up as an example of insecure and unfair work practice, has been reduced from 884,000 to 780,000 over the course of the year, which represents a positive move, especially for those on low wages who are the most affected by these contracts. <\/span><\/p>\n<p><span style=\"font-weight: 400\">It may be a sign that, though wages may not be increasing as much as expected, the tightening pool of potential employees has forced business in the UK to at least offer better terms to their staff. It offer small comfort however, given the uncertainty that still surrounds the country even as the exit date (March 29th, 2019) for leaving the largest trading bloc in the world looms ever closer.<\/span><\/p>\n<div id=\"content-cta\">\n<div id=\"content-cta-text\">Increase your business agility with Planview AdaptiveWork&#x2019;s project management software<\/div>\n<div id=\"content-cta-button\"><a href=\"https:\/\/www.clarizen.com\/resource\/product-tour\/\">Take a Product Tour<\/a><\/div>\n<\/div>\n<p><b>EU Citizens Employed in Britain Continues to Fall<\/b><\/p>\n<p><span style=\"font-weight: 400\">Another interesting detail which has been better predicted is that the number of EU citizens employed in Britain continues to fall, in this case by 86,000 people. This is the biggest fall in EU workers leaving the UK job market since records began over 20 years ago and represents the slow reversal of immigration from EU countries, though not non-EU countries, into the UK. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This means that those doing business in the UK will have a tough time to fill the 829,000 vacancies, which are not only a worry for the economy but also broader society. Of those vacancies, the National Health Service (NHS), Britain&#x2019;s free healthcare system, <\/span><a href=\"https:\/\/www.theguardian.com\/society\/2018\/sep\/11\/nhs-suffering-worst-ever-staff-cash-crisis-figures-show\"><span style=\"font-weight: 400\">makes up 107,000 of them<\/span><\/a><span style=\"font-weight: 400\">, with 12% of nursing vacancies unfilled. This is a situation which is only likely to get worse as the drain of skilled EU workers continues from the system.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Overall, though there have been many positive signs about the UK&#x2019;s economy recently, such as its very low unemployment rate and high industrial output, concerns still remain about whether this can be maintained and will actually lead to more money in the pockets of UK workers. <\/span><\/p>\n<p><\/p>\n<div class=\"client-logo\"> <a href=\"https:\/\/www.clarizen.com\/customers\/\" title=\"Siemens Energy\"><img class=\"lazyload\" data-src=\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2020\/08\/siemens_energy-200x100.png\" alt=\"Siemens Energy\"><\/a> <a href=\"https:\/\/www.clarizen.com\/customers\/\" title=\"IIROC Success\"><img class=\"lazyload\" data-src=\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2020\/07\/IIROC_logo-200x100.gif\" alt=\"IIROC Success\"><\/a> <a href=\"https:\/\/www.clarizen.com\/customers\/\" title=\"Financial Services Institution\"><img class=\"lazyload\" data-src=\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2020\/04\/FINANCIAL-SERVICES-IMG-200x100.jpg\" alt=\"Financial Services Institution\"><\/a> <a href=\"https:\/\/www.clarizen.com\/customers\/\" title=\"M Squared\"><img class=\"lazyload\" data-src=\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2020\/03\/m-squared-logo-200x100.jpg\" alt=\"M Squared\"><\/a> <a href=\"https:\/\/www.clarizen.com\/customers\/\" title=\"Aliancys Success\"><img class=\"lazyload\" data-src=\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2019\/12\/aoc_aliancys-logo-800x400-200x100.jpg\" alt=\"Aliancys Success\"><\/a> <a href=\"https:\/\/www.clarizen.com\/customers\/\" title=\"Bonfiglioli Success\"><img class=\"lazyload\" data-src=\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2019\/11\/bonfiglioli_logo-800x400-200x100.jpg\" alt=\"Bonfiglioli Success\"><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The state of Britain&#x2019;s economy might seem to be going from strength to strength, with unemployment now at its lowest since the winter of 1974-1975. This headline record, however, masks other data which is showing that the boom might not be the magical panacea to all the fears many have about the fallout from Brexit&#8230;.<\/p>\n","protected":false},"author":205,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[477],"tags":[],"class_list":["post-16651","post","type-post","status-publish","format-standard","hentry","category-vision-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Slow UK Wage Growth Despite Fall in Unemployment<\/title>\n<meta name=\"description\" content=\"Even though employment in the UK is at record levels it has still yet to translate into consistent wage growth for UK employees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Slow UK Wage Growth Despite Fall in Unemployment\" \/>\n<meta property=\"og:description\" content=\"Even though employment in the UK is at record levels it has still yet to translate into consistent wage growth for UK employees.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/\" \/>\n<meta property=\"og:site_name\" content=\"Planview Blog\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-14T06:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg\" \/>\n<meta name=\"author\" content=\"Team AdaptiveWork\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Planview\" \/>\n<meta name=\"twitter:site\" content=\"@Planview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team AdaptiveWork\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/\"},\"author\":{\"name\":\"Team AdaptiveWork\",\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/person\/e307731bc782b0042d055366fc035e50\"},\"headline\":\"Slow UK Wage Growth Despite Fall in Unemployment\",\"datePublished\":\"2018-11-14T06:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/\"},\"wordCount\":551,\"publisher\":{\"@id\":\"https:\/\/blog.planview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg\",\"articleSection\":[\"Vision and Trends\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/\",\"url\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/\",\"name\":\"Slow UK Wage Growth Despite Fall in Unemployment\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg\",\"datePublished\":\"2018-11-14T06:00:00+00:00\",\"description\":\"Even though employment in the UK is at record levels it has still yet to translate into consistent wage growth for UK employees.\",\"breadcrumb\":{\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#primaryimage\",\"url\":\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg\",\"contentUrl\":\"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blog.planview.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Slow UK Wage Growth Despite Fall in Unemployment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blog.planview.com\/#website\",\"url\":\"https:\/\/blog.planview.com\/\",\"name\":\"Planview Blog\",\"description\":\"Leading the conversation on digital connected work\",\"publisher\":{\"@id\":\"https:\/\/blog.planview.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blog.planview.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/blog.planview.com\/#organization\",\"name\":\"Planview\",\"url\":\"https:\/\/blog.planview.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/blog.planview.com\/wp-content\/uploads\/2015\/06\/planview-logo-black.png\",\"contentUrl\":\"https:\/\/blog.planview.com\/wp-content\/uploads\/2015\/06\/planview-logo-black.png\",\"width\":280,\"height\":66,\"caption\":\"Planview\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772\",\"https:\/\/x.com\/Planview\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/person\/e307731bc782b0042d055366fc035e50\",\"name\":\"Team AdaptiveWork\",\"url\":\"https:\/\/blog.planview.com\/author\/team-adaptivwork\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Slow UK Wage Growth Despite Fall in Unemployment","description":"Even though employment in the UK is at record levels it has still yet to translate into consistent wage growth for UK employees.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/","og_locale":"en_US","og_type":"article","og_title":"Slow UK Wage Growth Despite Fall in Unemployment","og_description":"Even though employment in the UK is at record levels it has still yet to translate into consistent wage growth for UK employees.","og_url":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/","og_site_name":"Planview Blog","article_publisher":"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772","article_published_time":"2018-11-14T06:00:00+00:00","og_image":[{"url":"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg","type":"","width":"","height":""}],"author":"Team AdaptiveWork","twitter_card":"summary_large_image","twitter_creator":"@Planview","twitter_site":"@Planview","twitter_misc":{"Written by":"Team AdaptiveWork","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#article","isPartOf":{"@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/"},"author":{"name":"Team AdaptiveWork","@id":"https:\/\/blog.planview.com\/#\/schema\/person\/e307731bc782b0042d055366fc035e50"},"headline":"Slow UK Wage Growth Despite Fall in Unemployment","datePublished":"2018-11-14T06:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/"},"wordCount":551,"publisher":{"@id":"https:\/\/blog.planview.com\/#organization"},"image":{"@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#primaryimage"},"thumbnailUrl":"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg","articleSection":["Vision and Trends"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/","url":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/","name":"Slow UK Wage Growth Despite Fall in Unemployment","isPartOf":{"@id":"https:\/\/blog.planview.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#primaryimage"},"image":{"@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#primaryimage"},"thumbnailUrl":"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg","datePublished":"2018-11-14T06:00:00+00:00","description":"Even though employment in the UK is at record levels it has still yet to translate into consistent wage growth for UK employees.","breadcrumb":{"@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#primaryimage","url":"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg","contentUrl":"https:\/\/media.planview.com\/clarizen\/wp-content\/upload\/2018\/10\/pay-growth.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/blog.planview.com\/slow-uk-wage-growth-despite-fall-in-unemployment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blog.planview.com\/"},{"@type":"ListItem","position":2,"name":"Slow UK Wage Growth Despite Fall in Unemployment"}]},{"@type":"WebSite","@id":"https:\/\/blog.planview.com\/#website","url":"https:\/\/blog.planview.com\/","name":"Planview Blog","description":"Leading the conversation on digital connected work","publisher":{"@id":"https:\/\/blog.planview.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blog.planview.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/blog.planview.com\/#organization","name":"Planview","url":"https:\/\/blog.planview.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blog.planview.com\/#\/schema\/logo\/image\/","url":"https:\/\/blog.planview.com\/wp-content\/uploads\/2015\/06\/planview-logo-black.png","contentUrl":"https:\/\/blog.planview.com\/wp-content\/uploads\/2015\/06\/planview-logo-black.png","width":280,"height":66,"caption":"Planview"},"image":{"@id":"https:\/\/blog.planview.com\/#\/schema\/logo\/image\/"},"sameAs":["http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772","https:\/\/x.com\/Planview"]},{"@type":"Person","@id":"https:\/\/blog.planview.com\/#\/schema\/person\/e307731bc782b0042d055366fc035e50","name":"Team AdaptiveWork","url":"https:\/\/blog.planview.com\/author\/team-adaptivwork\/"}]}},"_links":{"self":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/posts\/16651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/users\/205"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/comments?post=16651"}],"version-history":[{"count":0,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/posts\/16651\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/media?parent=16651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/categories?post=16651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/tags?post=16651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}