With the economy making a faltering return to growth, whole-economy pay awards also appear to be showing tentative signs of recovery, according to latest benchmarking research from IRS for XpertHR. The headline pay award stood at 1% over the three months to 28 February 2010. But closer analysis reveals a more complex picture: pay freezes remain commonplace; and continuing economic and political uncertainty at a busy time for pay setting means that the outlook for settlements is unclear.
Read the complete post at http://www.xperthr.co.uk/blogs/employment-intelligence/2010/03/pay-awards-stand-at-1-in-febru.html
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19 Mar 2010 7:15 AM
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XpertHR - Employment Intelligence
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