More 4% pay rises being made

10-05-2007

More 4% pay rises being made
New figures have suggested that more pay settlements at the four per cent or over mark were made in the three months to April compared with the three months to March.

Statistics from the Income Data Services (IDS) Pay Databank reveal that while the median pay rise remained at 3.5 per cent, more than a third of settlements were at or above four per cent. The report stated that this can largely be attributed to rising inflation.

Ken Mulkearn, editor of the IDS Pay Report, noted that private sector deals in particular appear to be on the increase.

"The median… masks the diversity of settlements, with many private sector firms who have been doing well reaching settlements that reflect both profitability and the higher inflation environment," he commented.

A recent report on pay inflation from KPMG and the Recruitment and Employment Confederation found that wage growth hit a seven-year high in April.

Related categories: HR / Recruitment.


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