Wage rises could result in price spikes, employers warn

Employers have warned that businesses may be required to raise prices as a result of wage hikes.

17 Aug 2021

Employers have warned that businesses may be required to raise prices as a result of wage hikes.

A survey carried out by job board Caterer.com revealed that many employers have experienced staff shortages since coronavirus (COVID-19) lockdown restrictions eased.

The survey also found that 93,000 EU workers have lost their jobs in the hospitality sector due to Brexit.

According to the survey, 90% of UK hospitality businesses are now paying at least the National Living Wage (NLW). Caterer.com's research also revealed that employers in the hospitality sector have revamped branding and employee benefits in order to attract jobseekers.

Kathy Dyball, Director at Caterer.com, commented: 'Talented EU workers remain an essential part of the sector's success and we join the industry in calling for the government to urgently make it easier for hospitality talent to return to the UK.'

Sage Xero QuickBooks Chartered Tax Advisers CryptoUK Member Logo

Home | #InfoPost | Contact us | Accessibility | Disclaimer | Help | Site map |
© 2024 Hodge Bakshi Chartered Accountants & Chartered Tax Advisers. All rights reserved.


Hodge Bakshi Chartered Accountants & Chartered Tax Advisers / Hodge Bakshi are trading names of Hodge Bakshi Limited. Registered to carry on audit work in the UK and regulated for a range of investment business by the Institute of Chartered Accountants in England and Wales. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers.

We use cookies on this website, you can find more information about cookies here.

How can we help?

Go