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Posted by Francesca Witney

Employees across the UK are set to experience pay increases below the country's level of inflation next year.

That is according to new research published by Mercer, which showed that British companies are budgeting to offer their members of staff wage rises of three per cent in 2012.

However, despite the fact this is a higher figure than that anticipated by firms across the rest of Western Europe - who expect an average hike of 2.7 per cent - it remains some way below the current level of inflation, which stands at five per cent.

Mark Quinn of Mercer - which has more than 18,000 staff worldwide - noted that employees will inevitably find the fact that their salaries are not keeping pace with the rising cost of living difficult.

But he explained that this "cautious" decision taken by companies is based on the "volatile" economic situation.

"Committing to higher salary increases reduces a company's flexibility and manoeuvrability," the official added. 

08/11/2011 15:49