June Pay Surges: A Fresh Upswing
Full‑time salaries leapt into the biggest month‑on‑month spike since the Autumn Budget, and everyone’s feeling a little lighter in their pockets.
Data Snapshot
- 105,000 staff in 5,000 SMEs across the UK
- Wages up 1% from May and 1.6% compared to March
- After a downturn in January (‑1.1%) during the tax‑hike period, the trend is gently climbing again
Generations at Play
- Boomers – 4.6% bump
- Gen X – 1.9% rise
- Millennials – modest +0.6%
- Gen Z – tiny drop, –0.2%
Why Boomers and Gen X Are Getting the Boost
Companies are rewarding experience; seasoned hires bring the know‑how that steered the business through the Brexit, pandemic, and post‑VC boom waves.
Kevin Fitzgerald’s Take
“After a rocky couple of months following the Autumn Budget and April tax hikes, the SME sector is finally finding its footing,” says Kevin Fitzgerald, UK Managing Director of Employment Hero.\n
He notes that the pay lift is a welcome breath for workers squeezed by cost‑of‑living pressures. “It’s positive—momentum is building. Now we must sustain that growth and foster long‑term confidence.”\n
“While older workers get the upgrade, we’re also ticking the clock on Gen Z—they’re the future of the workforce, and it’s time to give them the support and opportunities they deserve even amid ongoing cost pressures.”
Why the Employment Hero Report Matters
Every month, the report provides a real‑time snapshot of UK SMEs’ labour market—not just wage trends, but hiring patterns and more—offering business owners crucial insight to stay agile in a constantly shifting economy.
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