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AUTHOR: Jo Doonar
Our pay forecast survey finds that many private sector employers are anticipating pay awards of just 2% during 2012. Factors including redundancies and pay freezes are not uncommon, although some organisations appear to be unaffected by the volatile economy.
On this page: Audio: Private sector pay forecasts The 2012 pay climate Cutting paybill costs Chart 1: Steps taken to limit or reduce paybill Pay plans for 2012/13 Chart 2: Employers' pay plans for year ending February 2013 Another year of pay rises at 2% Box 1: Summary of pay predictions Smaller organisations continue to freeze pay Spotlight on April 2012 pay deals Influences on pay deals in 2012/13 Key upward influences Key downward pressures Balance of pay pressures Chart 3: Key negotiation pressures for 2012/13 Changes to terms and conditions Employers' views on the pay outlook Chart 4: Employers' views on current and future pay decisions Our research Table 1: Employers' pay award predictions for the coming year, by sector Table 2: Predicted influences on the 2012/13 pay round Table 3: Predicted key upward and downward pressures on the 2012/13 pay round Additional resources on XpertHR.
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