Skills shortage means pay boost in the private sector - News Summed Up

Skills shortage means pay boost in the private sector


The 2.5 per cent basic pay reading from the Chartered Institute of Personnel and Development and Adecco labour market survey is the highest since it began in 2012 DOMINIC LIPINSKI/PAWorkers in the private sector can expect pay rises above the rate of inflation as companies struggle to find enough skilled workers to fill vacancies, a survey has suggested. Basic pay award expectations in the private sector have increased from 2 per cent a year to 2.5 per cent, according to the latest Chartered Institute of Personnel and Development and Adecco Group labour market survey. An annual pay rise of 2.5 per cent is higher than the rate of inflation, with the consumer prices index at 1.8 per cent in January. The 2.5 per cent reading is the highest since the survey began in 2012 and points to an improving outlook for wage growth, despite uncertainties over Brexit. Britons had to endure years of real-term…


Source: The Times February 18, 2019 00:09 UTC



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