UK pay rises hold firm
Pay rises for UK employees were two per cent for the three months ending October 31st, meaning the headline pay has now been the same for seven consecutive rolling quarters.According to the study, carried out by Xpert HR, private sector employers are predicting a median 2.5 per cent pay award in the year ending August 31st 2012, illustrating the difference between pay awards in the public and private sectors.
In the public sector in the year ending October 31st 2011 the headline pay award was zero due to the government's two-year pay freeze, whereas the private sector saw a median 2.3 per cent pay increase over the same period.
Overall, pay awards in manufacturing companies continue to run ahead of those in the services sector as, the three months ending October 31st 2011, the headline pay award among manufacturing firms was 2.5 per cent compared with 1.5 per cent for service, though this included the public sector.
Commenting on the data, XpertHR Pay and Benefits editor Sheila Attwood said: "We expect the median pay award to remain around two per cent through to the end of the year. However, we are hopeful that pay awards will pick up in the new year, with a median 2.5 per cent pay rise within private sector companies during 2012."
For Sales Managers Aaron Wallis Sales Recruitment provide all of the latest news in the UK sales industry to help you keep your team in touch with changing trends and developments. For sales manager jobs and unique sales recruitment services, backed by a 52 week rebate scheme, visit www.aaronwallis.co.uk.
Posted by Nikki Barrister
