Wednesday 26 August 2009

Average pay increase expectations drop below the rate of inflation

The latest quarterly CIPD/KPMG Labour Market Outlook survey shows that just 15% of respondents plan to conduct a pay review this quarter. Dr John Philpott, CIPD's Chief Economist, has warned that pay restraint can't be sustained indefinitely and a weak economic recovery could trigger a second wave of redundancies

www.ukba.co.uk/scotland

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