Despite the retail prices index standing at five per cent last month, companies were not able to pay their staff rises of the same amount, yet they still managed to give their employees some kind of reward, the pay review report from XpertHR revealed.
The median pay reward for those in the manufacturing industry was slightly higher than in other sectors, with workers there receiving a three per cent increase.
Sheila Attwood, XpertHR pay and benefits editor, said it is not expected for employers to match the levels of inflation currently being seen when offering pay rises.
But she added: "The better-performing companies are likely to continue to award pay rises above the whole-economy norm."
Data released earlier this week by the Office for National Statistics revealed that workers were paid bonuses during 2010/11 which were the same as those given out the year before.
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Posted by Nikki Barrister
Source: The Sales Executive News