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Wednesday, 3 August 2011

A third of private sector workers receive a pay rise

A third of workers in the private sector have received pay rise since the start of the year, according to the latest figures, which is a far greater proportion than those operating in the public sphere.

The Chartered Institute of Personnel and Development's (CIPD's) summer 2011 Employee Outlook, based on a representative sample of more than 2,000 people in employment in the UK, found that just 13 per cent of public sector workers have had a pay increase in 2011, compared with 32 per cent in the private sphere.

Within the private sector, workers most likely to have seen their base pay go up in the first six months of this year are based in manufacturing finance, said the CIPD's performance and reward adviser, Charles Cotton.

He added that there is also likely to be an increase in the number of private sector workers receiving a pay award in the second half of 2011, especially in the retail sector.

Meanwhile, a recent poll of 2,000 workers found that 54 per cent of staff say that their main reason for wanting to change jobs is to boost their salary and benefits, with just 42 per cent wanting to improving job satisfaction.

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-800683466-ADNFCR

Source: The Sales Director News

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