Employees unhappy over pay

A survey by the HR professional body the Chartered Institute of Personnel and Development (CIPD), has found that 48% of people saw their pay frozen in 2011 and a further 5% suffered a pay cut. The survey of 3,000 people found that of those that did receive a pay rise in 2011, only 19% felt their pay rise reflected their performance. Of those surveyed, 26% worked for organisations that award cash bonuses, and of those, 68% actually received a bonus. The median pay increase was 2.5% but 70% of respondents in the public sector suffered a pay freeze compared with 48% in the voluntary sector and 42% in the private sector.

In a separate report, the CIPD predicted that unemployment will reach 2.85 million in 2012 and that real earnings will continue to fall. They forecast that most of the job losses will be in the public sector, with private sector job creation failing to offset thHowever this forecast rests on the assumption of a “relatively benign outcome to the eurozone crisis”.

http://www.peoplemanagement.co.uk/pm/articles/2012/01/employees-discontented-over-pay-shows-cipd-research.htm

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