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.’

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee