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Chartered AccountantsAbout 80 per cent of private sector employers are planning pay increases this year and will award an average of two per cent, according to a survey.
The research, carried out by XpertHR, also found that 10 per cent of organisations have a salary freeze in place while two-thirds are likely to take steps to control their wage bill. This could include making posts redundant, reducing overtime and not replacing leavers.
According to its analysis, employers cannot afford to award rises to all workers and so are tackling recruitment and retention issues with one-off pay increases in areas where there is high demand for skills say Harris & Co chartered accountants Northampton
