Chartered Institute for Personnel and Development (via Reuters report)
its gauge of pay intentions for the private and public sector
- +2 percent in the latest quarter (from 1 percent previously)
- 2 percent the median for the last five years
CIPD said 38 percent of private sector firms faced no pressure at all to raise wages for the majority of their workforce
- compared with only 24 percent that said they did
"Over time we might expect low unemployment levels to lead to increased pressure on pay, as the Bank of England has predicted," Gerwyn Davies, CIPD senior labour market analyst, said. "However, it's the UK's ongoing poor productivity growth that's currently preventing employers from paying more, not their inability to find or retain staff."
More:
- 59 percent of public sector employers reported pressure to hike salaries for most staff
- gauge of employment demand eased only slightly from the previous quarter and remained near record high levels
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CIPD's survey was based on 2,007 employers and was conducted between Sept. 11 and Oct. 3.
