Data issued by EEF - the manufacturers' organisation and JAM Recruitment shows that the average pay settlement for three months to the end of May increased to 2.6 per cent, up from 2.5 per cent for the quarter ending April 30th.
John Morris, chief executive of JAM Recruitment, pointed out that the average pay settlement is now three times what it was in March 2009, suggesting growing strength in the sector.
"This picture is borne out by current recruitment trends. Almost a third of manufacturing companies recruited new employees in the first quarter and we're expecting this figure to rise as the sector continues to grow," he commented.
Recent data issued by the Office for National Statistics shows that manufacturing output in April was up 1.3 per cent compared with last year's figure, suggesting a continuing return to economic growth.
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Posted by John Oak
Source: The Sales Engineer News