Salaries not Improving Despite Economic Recovery

Despite improved economic conditions, employers are still not positioning employee pay competitively at the top of the market, according to research published by the CIPD, the professional body for HR and people development.

The UK’s economy grew by 2.6 percent in 2014, the fastest increase since 2007. Despite this the CIPD’s annual Reward Management Survey found the number of companies who said they were positioning pay on the top 10 percent fell by 7 percentage points, from 35 percent in 2011 to 28 percent in 2014.

The number of employers that said they are positioning pay in the bottom 10 percent has also increased to 17 percent, from a low of 13 percent in 2012.

Posted: Thu 09 Jul 2015
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