News
Pay awards remain static for July
Published on 27th July 2012 by William Guy
Pay awards have remained at a median of two per cent in the three months to the end of June.
Figures from XpertHR show that employees in the public sector have once again not benefited from a remuneration increase, while those in the private arena received an average of 2.4 per cent.
Trends in the number of companies imposing salary freezes remain largely unchanged at 14.6 per cent. In addition, more than 18 per cent provided an award of two per cent, while three per cent was given by 17.9 per cent of organisations.
Despite the lack of upward movement in wages, the fall in the retail prices index means that the average pay increase is only 0.8 per cent below inflation. This is the smallest gap since November 2008.
http://www.payandbenefitsmagazine.co.uk/pab/article/pay-awards-remain-static-12330481