UK wages set to continue to beat inflation with a 2.5pc rise in pay over 2015

first_img Show Comments ▼ More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org UK wages set to continue to beat inflation with a 2.5pc rise in pay over 2015 Monday 8 December 2014 9:09 pm Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. whatsapp whatsapp Share UK wages will continue to grow at a faster rate than prices, a management consultancy has forecast.Employees can expect to see a 2.5 per cent rise in pay over 2015, Hay Group said today. Meanwhile, inflation – annual growth in prices – is forecast to be 1.7 per cent in 2015, according to Hay Group. This means “real” wages – the amount of goods and services that can be purchased with money wages – will rise 0.8 per cent. Organisations in engineering-related sectors are forecasting larger increases, as the war for talent intensifies. Organisations in the chemical, oil and gas and manufacturing sectors are all predicting salary rises above the UK average, at three, 3.5 and three per cent respectively.Retailers are forecasting salary rises at two per cent, while finance and utilities companies all mirror the UK average of 2.5 per cent. The government’s increase cap of one per cent continues to impact the combined public sector.“The pay forecast implies optimism is returning to businesses as employers are anticipating salary increases above inflation,” said Adam Burden, consultant at Hay Group. Tags: employment and wages UK inflation UK jobslast_img

Leave a Reply

Your email address will not be published. Required fields are marked *