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Private sector employees expect pay rises this year PDF Print E-mail
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Latest Recruitment News - Office Recruitment News
Written by DirectNews Feed   
Friday, 20 January 2012 00:00
Private sector employees expect pay rises this yearPeople working in finance jobs in London and other roles could be expecting a pay rise this year as one specialist has reported that pay settlements are at their highest level for three years.

Despite many private businesses predicting another tough year ahead, the value of employees is being recognised. XpertHR announced that pay rises from January 2012 are worth 2.8 per cent, the highest level since December 2008.

In the three months to the end of December 2011, pay rises were worth around 2.5 per cent, the biggest increase of all of last year.

Almost half (48.8 per cent) of businesses increased their staff pay by three per cent or more in January, although some firms are continuing to freeze pay.

Sheila Attwood, editor of XpertHR Pay and Benefits, said the data "suggests that pay bargaining in 2012 has got off to a good start and that, for many private sector workers, pay rises higher than the levels seen in 2011 are a real prospect".

Encouragingly, these pay rises come after inflation dropped to 4.2 per cent in December, offering respite for many Britons.

Posted by Mary KingADNFCR-3012-ID-801270706-ADNFCR
 

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