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☆ Strong pay growth in UK spreads to public sector, survey shows
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Afolabi Sotunde/file photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - Strong pay growth in Britain's private sector will be matched in the public sector in the year ahead, according to a survey which showed no sign of an easing of inflationary heat in the jobs market. The Chartered Institute of Personnel and Development (CIPD) said employers in the private and public sectors both planned 5% pay rises, meaning public workers were on course for their biggest pay rise since CIPD began its surveys in 2012. The CIPD survey showed 51% of public-sector employers reported hard-to-fill vacancies compared to 38% of private-sector employers. "There remains strong demand for people, particularly in the public sector. It’s no surprise therefore that employers are expecting pay increases to match that of the private sector to remain competitive."

Persons: Afolabi, CIPD, Rishi Sunak, Jon Boys, William Schomberg, Andy Bruce Organizations: REUTERS, Chartered Institute, Personnel, Bank of England, Reuters, Thomson Locations: Canary Wharf, London, Britain

☆ UK public sector employers plan to raise pay by most since 2012
▼ + stars: | 2023-05-14 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

LONDON, May 15 (Reuters) - British public sector employers plan the biggest pay increases in over a decade and private sector deals are set to remain high, according to a survey published on Monday, potentially adding to worries at the Bank of England. However, the gap between public and private employers' wage expectations remained wide, with those in the private sector expecting to raise pay by 5% in the coming year, unchanged from three months before. Official data showed average private sector wages in the three months to February were 6.1% higher than a year earlier. More than half of survey respondents in the public sector noted struggles with hard-to-fill roles and 45% expected similar problems in the next six months. Four in 10 private sector recruiters reported hard-to-fill jobs while 23% anticipated significant difficulties filling vacancies over the next six months.

☆ UK government should focus on younger workers, not just over-50s, employers say
▼ + stars: | 2023-03-12 | by ( David Milliken | ) www.reuters.com time to read: +2 min

Unlike in most other rich countries, Britain's labour force is still notably smaller than it was before the COVID-19 pandemic. But the CIPD pointed to the high number of younger people who were outside the labour market. "It's important that the current focus on addressing the decline of over-50s in employment doesn't obscure the need and opportunity to get more young people into work," CIPD economist Jon Boys said. In January he urged those who had retired early to do more than just play golf. However, many people who have retired early are not under financial pressure to go back to work, while those who are unwell can face long waits for medical treatment.

☆ UK firms plan biggest pay rises since 2012 to fill staff gaps
▼ + stars: | 2023-02-13 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

Expected median annual pay awards in 2023 rose to 5% - the highest since CIPD records began in 2012 - from 4% in the previous three months. The survey also showed the gap between public and private employers' wage expectations widened. Planned pay settlements in the public sector fell to 2% from 3% in the quarter before, compared to 5% in the private sector, the CIPD said. The results highlighted the squeeze on living standards as key workers including nurses, teachers and public transport staff stage a series of strikes over pay and work conditions. BoE Governor Andrew Bailey last week expressed concerns about wage-setting, despite signs that the surge in inflation has turned a corner.

☆ UK recruiters plan record pay rises but real wages lag inflation, survey shows
▼ + stars: | 2022-11-14 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

LONDON, Nov 14 (Reuters) - British employers are planning the biggest pay hikes in a decade to fill roles but real-term wages will still grow more slowly than inflation, a survey showed on Monday. "Pay awards are expected to rise by the highest amount we've seen in our survey for 10 years but it's being outpaced by rising prices," CIPD labour market economist Jon Boys said. "Rather than feeling the benefit of higher pay, most will face a real-terms pay cut." Britain's jobs boom has yet to peak, with 69% of employers planning to hire in the next quarter, the CIPD said. "Organisations are looking at how they can support their people while also battling rising operational costs and a tight labour market," Boys said.

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