Pay and reward set to rise in 2012

UK employees are set to receive an increase in their pay awards this year, as well as their potential bonuses, a new report has indicated.

Research carried out by the Chartered Institute of Personnel and Development (CIPD) suggests that the last quarter has seen pay intentions reach their highest level since spring 2009.

A survey of more than 1,000 employers found that, in the private sector, 35 per cent of employers predict a pay rise in 2012, with the average increase rising from 2.1 per cent to 2.2 per cent.

Charles Cotton, CIPD rewards adviser, predicted that as organisations get a better idea of how well they and the economy are likely to perform, fewer will feel unable to predict the outcome of their annual pay decisions.

"Across all sectors, and whatever pay decisions are predicted, it's vital that employers maintain an honest line of communication with employees in order to keep staff motivated and engaged," he added.

Mr Cotton noted that previous CIPD research has shown that employees are satisfied with their employer's pay decision if their company has taken the time to explain the rationale behind that decision, and this needs to be applied in 2012.

For Sales Managers Aaron Wallis Sales Recruitment provide all of the latest news in the UK sales industry to help you keep your team in touch with changing trends and developments. For sales manager jobs and unique sales recruitment services, backed by a 52 week rebate scheme, visit www.aaronwallis.co.uk.

Posted by Nikki Barrister

Filed: 20-02-2012