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Pay likely to remain under pressure. Pearson May News Update - Monday 8 February
- Savers turn to investment funds
- Pay likely to remain under pressure
- New limits on employment rights awards announced
- Government training scheme 'helped' during the recession
- Health and safety growing in importance to firms
- More tax rises and spending cuts needed to repair public finances
- Discounts dampen effects of VAT rise
- BU editor's comments (04 February 2010)
Pay likely to remain under pressure
Salary freezes seem set to be a feature of the coming year, new research has suggested.
According to a study carried out by the Labour Research Department, an independent consultancy, wage rises are as likely to be kept on hold this year as last, despite the tentative return to economic recovery.
Almost one in three recent pay settlements have seen no increases, a figure that climbed to 51 per cent once deals negotiated on a multi-year basis were discounted.
A number of firms have already announced that a policy of freezing pay rises introduced last year will continue into 2010.
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