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Average pay deals double to 2%

posted : SUNDAY, 1ST NOVEMBER 2009 19:00:46 GMT comments : 5
- Search: Pay deals rise

Average pay deals have doubled to 2% in recent months
Average pay deals have doubled to 2% in recent months

Average pay deals have doubled to 2% in recent months, mainly due to rises in private firms in parts of the housing, care and food retailing sectors, according to a new report.

A study of 66 settlements by Incomes Data Services (IDS) showed that a third involved a wage freeze, while one in five gave rises of at least 3%.

Ken Mulkearn of IDS, said: "Outside of those sectors that have been hardest hit by the recession, and where pay has been frozen, 2% is pretty much the floor for pay increases."

He continued: "This is the case in areas such as food retailing, where the major firms pay above the minimum wage and have not been affected as badly as other sectors by the recession, with profitability generally being maintained.

"The Government's recently announced policy on public sector pay means there will be three strands to pay review outcomes for public sector workers in 2010.

"The overall effect of the policy will be to hold back public sector pay, with the possibility of private sector pay growth pulling ahead once more, especially if the economy recovers and RPI inflation rises as predicted, back towards 3%."

    haz
    Thursday, 5 November 2009 11:34:53 GMT

    i work for a private firm in food retailing i never got a pay rise plus we went on a 4 day week. so where do they get there figures from i dont know,

    Ex Banker
    Thursday, 5 November 2009 11:25:58 GMT

    Incidentally Bankers, on the subject of write offs, why not reduce the interest rate, reduce the debtor's credit limit until the account clears. Providing they are paying the minimum amount thats all you need. I am also concerned that you have forgotten how to do double entry book -keeping, and would you explain why the banking day closes at 00:01 on that date and not at 15:30? So even if I do pay in cleared funds during the day, you have already returned the cheque/automotated payment. So let's get this right: Automated items are returned at 00:01, and yet the banking day ends at 15:30, so even if I pay cash in you have returned the item automatically, It is also intresting that a BACS payment, is accepted because it comes in over night and you will honour the debit, but like a cheque, a BACS payment CAN be recalled. Please explain your logic. FInally I notice that none of your branches do their own work any more,; perhaps that is why there are so many cock-ups

    The Debt Collector
    Thursday, 5 November 2009 11:16:30 GMT

    Given the number who are unemployed, and the increase in that figure over the last 12 months, what is the method of calculation? Surely if some one becomes unemployed that is a pay drop, and far from an increase, and where in the figures do the small busiesess and Limited Companies who have had their debentures pulled or be foreclosed by the Bank? Are of course, to help with the loss making banks, who bizzarely are paying bonuses to Bankers who have cocked up! Any other employee, in another business would be summarily dismissed. To say that pay increases have DOUBLED, and then to disclose that it has only gone from 1% to 2%; is hardly anything to get excited or enthralled about, And whilst on the subject of Percentages, given that base rate is now 1%, would the Credit Card Companies explain why their APR still operates at 19.4%? And don't give me the rhubarb about protecting yourselves from the losses due to bad debt: you underwrote the loan!

    Glen
    Saturday, 31 October 2009 12:44:43 GMT

    I'm with Cantibe on this one, all I can think is they are using the same con calculation method that they use to calculate the "average wage" which few people are lucky enough to earn, eg they include the amounts earned by the top earners (who ironicly caused this present mess ) which distorts everybody elses earnings figures unrealisticly upwards, instead they should base the figures on how many and how much to get a realistic figure. Then again this would show how ridiculously well off MP's are compared to the rest off society so I can't see them being in a hurry to adopt this calculating method.

    Canitbe
    Saturday, 31 October 2009 04:06:51 GMT

    Again who got these pay rises then, come on speak up, oh i see them very clever and well needed bankers, did anyone else get a pay rise this year?

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