One-third of pay settlements frozen, IDS suggests
Date posted: 09 Oct 2009
As many as one-third of pay settlements may have been frozen in the UK this year, according to new research.
Incomes Data Services (IDS) suggests that while pay freezes have not proven as widespread as some predicted, employees working in areas such as the motor industry and the construction sector may have been hit.
Meanwhile, pay freezes are said to have been less prevalent among firms operating in areas like food retail and pharmaceuticals.
As many as one-third of pay settlements may have been frozen in the UK this year, according to new research.
Incomes Data Services (IDS) suggests that while pay freezes have not proven as widespread as some predicted, employees working in areas such as the motor industry and the construction sector may have been hit.
Meanwhile, pay freezes are said to have been less prevalent among firms operating in areas like food retail and pharmaceuticals.
Ken Mulkearn, who acted as editor of the latest IDS pay report, believes companies may look to increase the pay of their employees in 2010 if they have offered zero awards this year.
He commented: "So while prospects for the economy remain uncertain, many firms will be planning ahead for a possible recovery in 2010."
According to IDS, 2009 has seen a median pay settlement level of 2.3 per cent.
The organisation offers research on a range of employment issues in the UK.
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