Financial Wellbeing
Financial Wellbeing
The cost of employing people rose in 2025 when the National Living Wage, the National Minimum Wage, and Employers’ National Insurance Contributions (NICs) all increased. The knock-on effect was a median pay increase of 3 – 3.5% in 2025. Experts predict a similar outlook in 2026, potentially dropping to 2 – 3% in 2027. With challenging employee pay rise conversations on the horizon, our HR Director, Kimberley Rowbottom, shares insights on navigating pay negotiations and maintaining morale.
Find out more