Recession 'will not stop private sector pay rises'
23-10-2008
Around eight out of ten employees in the UK can expect to receive a pay rise next year that is equal to or better than any given in 2008, it has been found.
According to Personnel Today, a survey conducted by Industrial Relations Services (IRS) found that private sector employers predicted an average pay rise of 3.5 per cent.
Sheila Attwood, IRS pay and benefits editor, said: "Private sector employers do not seem to have been hit by the full force of recession in the UK just yet."
She also believes they are "demonstrating a significant optimism not being played out in the media".
The manufacturing industry is forecast to have the highest pay rises as it is thought there could be a four per cent increase, although it is closer to three per cent in the services sector.
Earlier this month, Personnel Today reported on an interim pay rise that was announced for local government staff.
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