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Vast majority of pay awards lag behind inflation

IMG Auteur

Published : December 16th, 2011

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Category : On the Web

Personnel Today, in its December 16, 2011 article, reports that Vast majority of pay awards lag behind inflation.

Extract :

Pay awards are continuing to lag well below inflation, with just 2% of settlements keeping up with the retail prices index (RPI) in 2011, research has found.

According to XpertHR's latest pay trends report, the median basic pay award remained at 2% for the three months to the end of November. It has been stuck at this level for eight consecutive quarters.

Read the rest of the article at Personnel Today

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