The exorbitant cost of living in many Western countries causes workers to complain about the insufficient increase in wages they receive, which barely keeps up with inflation or barely keeps up with it. Oper means that their purchasing power is shrinking. In the UK and in some industries, growth is linked to personal presence in the workplace. As experts in the field of personnel management point out, the employer should offer higher wages to those who are present at the workplace for five days, due to a large lack of capacity. What he said to Bloomberg and mentions in the publication is typical moneyreview.gr, James Reed, President of the Reed Staffing Company. Employers are being forced to raise wages in industries where there are few opportunities for remote work, such as hospitality, manufacturing and healthcare. “Wages for workers who have to be physically present at the workplace for five days or more have gone up significantly,” Reid said, adding: “Employers need to pay more to get them to do this.”

This is indicative of the difficulty of finding and retaining workers after at least 600,000 people were made redundant (or laid off voluntarily) during the UK pandemic. At the same time, on the one hand, due to the fact that the British economy is heading for a recession, on the other hand, due to a shortage of workers, wages in the country are growing at such a pace that they are approaching historical record levels. This is partly the result of the country’s exit from the European Union, a process that has reduced the influx of foreign workers who, according to the Bloomberg news agency, were in low-skilled jobs. The pandemic has also encouraged remote work. The problem is more acute in the national healthcare system, hospitality and catering, where wages have always grown at a slower pace than in other industries, and the option of remote work is not possible. According to Reed, while wages rose 6.8% on average for available jobs, recommended wages in healthcare and medicine rose 12.9% year-over-year, 10.6% in hospitality. and catering and by 14.6% in industry.

The shrinking workforce in the UK means jobseekers can choose jobs that offer more flexibility and benefits. “It’s not just about the money. There are other requirements regarding working conditions, flexibility and related benefits. One of our clients told us that the candidate asked for one day off a month in addition to his vacation. They laughed, so maybe , the candidate didn’t get the job, but in this job market, you never know for sure,” HSBC economist Liz Martin told Bloomberg.