Pay rises ‘plummet’ to lowest levels in a decade


P

ay awards have come to a standstill after “plummeting” to their lowest levels since 2009 amid ongoing damage to the economy caused by the coronavirus, a study suggests.

Pay reviews over recent months have fallen to zero, according to pay analysts XpertHR.

Public sector pay rises were worth more than those in the private sector over the last year, with a median figure of 2.5 per cent, compared to 2.2 per cent in the private sector, the report said.



READ SOURCE

READ  U.S. oil workers leave Iraq after air strike on Iranian leader

LEAVE A REPLY

Please enter your comment!
Please enter your name here