Private-sector employers predict 2.5% pay increase

Private-sector employees are expected to receive pay increases of 2.5% over the next 12 months, according to survey results published today by XpertHR.

The findings amount to more of the same for employees in the sector, with increases remaining at 2.5% or below since March 2009.

The survey asked 127 private-sector employers, employing a total of 86,164 people, about their pay intentions for the next 12 months. It highlighted a predicted median increase of 2.5% when basic and performance-related pay were taken into account, falling to a 2% median increase for basic pay alone.

Three-quarters (76.4%) of respondents said they plan to offer a pay rise over the next year, with 11% planning a pay freeze over the same period…

http://www.personneltoday.com/articles/22/03/2013/59290/private-sector-employers-predict-2.5-pay-increase.htm?cmpid=NLC|PTPT|PTDIR-2013-2703-GLOB|news&sfid=70120000000taB7

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