According to the IDS Pay Report, the median settlement level in the sector is continuing to increase and stood at 2.9 per cent in the three months to December 2010, compared with 2.2 per cent across the whole economy.
Ken Mulkearn, editor of the IDS Pay Report, said the sharp rise in inflation is "squeezing" incomes and so private sector employees, such as sales recruitment staff, are looking for wage increases to compensate them.
"Our latest figures show evidence of this in manufacturing in particular. Pay growth is more subdued in other parts of the private sector, but the pressures could be reflected in bonus payments over the coming months," he added.
The study follows a recent report conducted by General Electric, which showed that 71 per cent of high-tech manufacturing companies are optimistic that their performance will improve over the next year.
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Posted by John Oak
Source: The Sales Engineer News