Pay deals drop despite recovery
March 5, 2010 by admin
Filed under Career News and Advice
The typical pay award has fallen by almost half to 1.9pc in February compared
with a year ago, the latest pay deals data shows.
By Richard Tyler
Published: 2:06PM GMT 05 Mar 2010
Of the 74 deals monitored in the three months to the end of January, covering
almost 234,000 employees mostly in the private sector, the median pay
increase was 1.9pc, compared with 3.5pc in the same period last year.
Income Data Services, which monitors the deals, revised downwards its previous
January estimates of average pay increases from 1.8pc to 1.6pc, as more
companies struck low deals late in …
Read the original article at Telegraph