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Posted by Mark Cunningham

Employees operating in the private sector have been warned not to expect significant salary increases throughout 2011.

Research published by XpertHR - which involved questioning more than 300 companies with in excess of 750,000 members of staff in the private arena - found that wage rises will remain "modest at best" in the coming year, with the median pay hike between now and February 2012 expected to be two per cent.

Furthermore, just eight per cent of those firms involved in the survey feel they will be in a position to offer salary rises worth four per cent or higher, an estimation that displays the fragility of the business sector after the recession.

Sarah Welfare, pay and benefits deputy editor at XPertHR, commented: "Many employers are looking to improve their benefits offering in an attempt to compensate for low pay rises."

This correlates with the view of Penny Tamkin of the Institute of Employment Studies, who said recently that companies should consider running in-house team-building exercises.
 

07/04/2011 16:52