Survey Minimize
Are you a member of a Sales Association / Professional Body?

Submit Survey 


Professional Sales News

Current Articles | Archives | Search

27 February 2012

News - Pay rises up in 2012

By Ben Turner @ 09:14 :: 1732 Views :: 10 Comments :: Article Rating
<< Back  l   

Employees are enjoying the highest pay rises seen since December 2008, according to the latest pay settlement data from pay specialists XpertHR. The median pay rise in the three months to the end of January 2012 stands at 2.5%, up from 2.3% in the same period a year ago.

This is unchanged on the figure for the previous rolling quarter, confirming that the upward trend in pay settlement figures first seen in December 2011 has been sustained. A look at the pay awards effective in January 2012 alone also reveals a median 2.5% pay award.

Both figures are based on pay awards in the private sector only.

Other key findings on pay awards effective in the three months ending 31 January 2012 include:

Almost half (46%) are pitched at 3% or higher.
·         The most common basic pay award is 3%.
·         Overall 41% of pay awards are higher than the same group of employees received a year ago, 35% are the same and 24% are lower.
·         Pay awards in the manufacturing sector – at a median 3% - continue to outstrip those in the services sector, which are recorded at 2.5%.

Pay awards are set against retail prices index (RPI) inflation of 3.9% in January 2012, bringing the gap between pay and price rises to its lowest level since December 2009.

XpertHR Pay and Benefits editor Sheila Attwood said: "The new bargaining round has got off to an encouraging start with pay rises showing their highest levels for three years. "Employees are also benefitting from falling inflation, bringing the chance of pay awards matching inflation even closer."
  << Back Share/Save This Article:     Bookmark and Share
comment By mike33 @ 23 July 2012 21:13
I think this rise in pay is so good to see. It definitely shows that the economy is coming back a little bit. This will benefit the employees so much. Electric cigarette

comment By fredj @ 23 August 2012 01:21
I am glad to see that this is happening. I think this will help the economy so much for the future. I hope to see more in the next year. orlando it services

comment By zaidmodle @ 29 December 2012 06:23
I was guessing if You Could write a little more on this subject? I'd be very grateful if You Could elaborate a little bit more. About Commercial Home

comment By ahmad @ 31 December 2012 07:02
Très belle sélection de photo, je voudrais bien y être aussi mais cela est peut être un peu tard ?? Je vous souhaite une bonne continuation.

comment By rahman @ 01 January 2013 05:55
I like this article. It is really very wonderful. Thank you.

comment By rahman @ 01 January 2013 05:55
This article makes I learned a lot, thank the authors share, thank you

comment By rahman @ 01 January 2013 06:07
Thanks! it's helpful to me!

comment By rahman @ 01 January 2013 06:07
Nicely presented information in this post, I prefer to read this kind of stuff. The quality of content is fine and the conclusion is fine.

comment By bilal @ 04 January 2013 11:34
On the Net, graduate can get pre written essay papers, but some papers contained many mistakes, so I want to advise you the best firm I have worked with, where highly qualified staff is ready to aid you, so don’t hesitate and buy critical analysis essays.

comment By bilal @ 04 January 2013 11:36
J'ai vu le père Noel !!! :)) PETS&ANIMALS

Only registered users may post comments.




Force Manager 15
© Copyright 2009 | DNN Hosting & SEO Managed by Pure Systems | Terms Of Use | Privacy Statement