CIPD: 2009 pay rise recipients fall by 17%
Date posted: 15 Dec 2009
This year has seen a 17 per cent fall in the amount of workers whose pay has been raised by their employers, new figures reveal.
Statistics from the Chartered Institute of Personnel and Development (CIPD) and YouGov find that only half of those polled in a survey have recently benefited from a pay rise.
Reward adviser at the organisation Charles Cotton believes pay increases can help organisations to retain their staff.
This year has seen a 17 per cent fall in the amount of workers whose pay has been raised by their employers, new figures reveal.
This year has seen a 17 per cent fall in the amount of workers whose pay has been raised by their employers, new figures reveal.
Statistics from the Chartered Institute of Personnel and Development (CIPD) and YouGov find that only half of those polled in a survey have recently benefited from a pay rise.
Reward adviser at the organisation Charles Cotton believes pay increases can help organisations to retain their staff.
He said that pay increases can help firms to recognise "hard work and achievement against objectives, especially as more satisfied employees are less likely to leave".
However, Mr Cotton went on to say that the public sector may be one area where benefits other than pay increases will be required in the future.
Meanwhile, the CIPD has also recently offered a number of responses to the government''s Pre-Budget report.
It has called for the country''s older people to be offered more support if they need help to find employment opportunities.
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