Cost-Of-Living Increase 2024 Private Sector Companies. To learn about companies’ plans for 2024 raises, in october, resumebuilder.com surveyed 600 business leaders. Amid ongoing strike action, around one in six (16%) trading private sector businesses were affected as a result of industrial action in december 2022.
And while inflation is expected to drop below 2.5% in 2024, according to the. We have also seen national living wage increase significantly.