Pay rises are to be offered by many employers as they continue to fight the war on talent, according to new research.
More than two-thirds of managers are planning to offer some form of pay rise in 2009, a survey from Ochre House has revealed.
Half of the businesses questioned claimed this salary increase would be between two and three per cent.
Furthermore, although 19 per cent admitted they would be making redundancies, 14 per cent predicted that their headcount would increase.
Chris Herrmannsen, chief executive officer of Ochre House, said: "Although we are definitely well into a serious downturn, there appears to be a general unwillingness to shed staff if it can be avoided."
Meanwhile, the Trades Union Congress discovered last month that for every vacancy in the UK, there are now ten jobseekers applying for the position.