 said that of the 2,000 employers it questioned, many of those that made counteroffers expected to do so again to retain workers. The number of job vacancies in the UK remains high at over one million. But there are fears escalating salaries could keep inflation higher for longer. The CIPD said that of the UK employers who had made a counteroffer in the past 12 months, 38% made a deal that matched the salary promised by the new firm. However, 40% offered even higher wages. Meanwhile, companies expect to raise pay by 5% over the next 12 months. The CIPD conducts a survey of firms every three months examining the UK labour market. The most recent report was the first time that the organisation asked employers about making counteroffers to staff, which means there are no comparisons available to show if the number has risen or fallen. However, it expects the use of counteroffers to increase as businesses try to recruit new staff and retain existing workers. The number of UK vacancies fell to 1,034,000 between April and June, according to the Office for National Statistics (ONS). However, it is 232,000 higher compared the pre-Covid period between January and March 2020. Wage rises have struggled to keep up with inflation, which measures the rate at which prices are growing. In its most recent figures, the ONS said average pay rose by 7.3% but, when taking inflation into account, fell by 0.8%. The latest data on pay and vacancies will be released on Tuesday when the ONS publishes employment figures. Inflation eased to 7.9% in June and the figure for July - which is due to be released on Wednesday - is expected to fall again. Both the Bank of England and the government are concerned that demand from workers for pay rises, as well as wage deal){kind=link}
About 40% of employers have made counteroffers to keep hold of staff tempted by higher wages from rivals in the past 12 months, a survey has found.
The Chartered Institute of Personnel and Development (CIPD) said that of the 2,000 employers it questioned, many of those that made counteroffers expected to do so again to retain workers.
The number of job vacancies in the UK remains high at over one million.
But there are fears escalating salaries could keep inflation higher for longer.
The CIPD said that of the UK employers who had made a counteroffer in the past 12 months, 38% made a deal that matched the salary promised by the new firm. However, 40% offered even higher wages.