According to a survey by the Confederation of British Industry (CBI) and Harvey Nash, 29 per cent of employers are currently planning to increase recruitment in the next six months, mainly due to rising confidence in the economy.
In the private sector, just 16 per cent of companies are implementing pay freezes, which is unchanged from the previous poll, noted John Cridland, director-general of the CBI.
"The pay and recruitment freezes that were commonplace in the private sector during the depths of the recession have now migrated to the public sector. However, we remain confident that private sector growth can more than compensate for job losses in the public sector," he added.
It comes after data issued by EEF - the manufacturers' organisation and JAM Recruitment showed that the average pay settlement in the manufacturing sector 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.
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Posted by John Oak and Wayne Bly
Source: The Sales Director News
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