Fleet News

Careers: Employees poised for salary reviews

SPRING is set to be the busiest period for pay reviews, with 61% of companies planning to conduct one between now and the spring quarter.

However, findings in the latest CIPD/KPMG quarterly Labour Market Outlook survey show that almost two-thirds of employers are planning to award staff pay rises of less than 3.5% as recruitment difficulties worsen.

A third of companies are expecting to award pay increases of between 3% and 3.5% and only 13% of companies say they will award rises of 4% or more. The outlook for redundancies appears bleak, according to the survey, with an increase in the proportion of employers intending to make some staff redundant, up from 20% to 23% since a similar survey was completed in the autumn.

A CIPD spokesman said: ‘The increase is evident in all broad sectors of the economy, but especially in the public services, where 30% of employers intend to make redundancies.’

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