BASIC pay rises are falling well behind inflation, with many firms not planning to increase wages at all, it has emerged.The Chartered Management Institute said workers were seeking pay rises and extra help because of the cost of living crisis but were left empty handed.Research among 1000 managers indicated half of firms are giving a basic pay award but a similar number reported no wage rises.Basic pay awards were reported to be 2.8 per cent on average, significantly below the current seven per cent rate of inflation.One in five respondents said their organisation was planning action to support staff as a direct result of the cost of living crisis, with offers such as cycle to work schemes, eye care vouchers, employee assistance programmes or free beverages.CMI director of policy Anthony Painter said: Cost pressures are hitting employers and employees alike, and something in the system will have to give.We are seeing people worried more now about their income than about catching Covid - quite a change given where we were only a year ago. Meanwhile, a study has found economic inactivity among men aged 50-64 rose to the highest since records began.The number of men in the group reached 1.47 million between December and February.

Pay Rise Slump As Firms Fear For Future

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.