Employees asking for a pay rise during these difficult times is perhaps not an unusual scenario, but it can be tricky for employers to offer a salary increase when firms are also feeling the pinch. This may force a firm’s talent pool to seek jobs elsewhere.

Research from MetLife shows that 54% of employees are considering leaving their job in the next 18 months and 59% will start looking for a new job if their work values are not accommodated. Salaries are set to rise by as much as 25% in the first tax quarter, as companies bouncing back after the Omicron-slowdown battle to retain their best staff, new research shows.