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Thursday 28 October 2010

Salaries 'will increase in 2011'

Annual salaries for people in the sales recruitment sector and other industries are set to increase in the coming months, the latest report has suggested.

According to the results of Aon Hewitt's 2010-2011 European Salary Increase Survey, the UK average salary is expected to rise by 2.5 per cent in 2010 and 2.7 per cent in 2011.

These are slightly below current inflationary levels, but indicate that the jobs market will continue to improve and prospects are looking much better for companies in the coming months, said Andrew Macleod, senior reward consultant at Aon Hewitt.

He explained: "Compared with 2009, when 47 per cent of the participating companies reported salary freezes, in 2010 only 12 per cent did so and even fewer are expecting one next year."

It comes after Peter Reilly, director of HR research and consultancy at the Institute for Employment Studies, said that sale managers will need to highlight job benefits to employees affected by the government's forthcoming spending cuts in the coming months.

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Posted by Wayne BlyADNFCR-1617-ID-800199477-ADNFCR

Source: The Sales Director News

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