Having entered a double-dip recession, the UK economy is battling high
inflation and unemployment while growth remains low. XpertHR research shows
that pay awards are at a median of 2%, which is an improvement on last year, but
economists are unsure as to when growth will return.
Inflation and earnings forecasts See what
our panel of 10 leading City and other forecasting institutions are predicting
in terms of inflation rates and average earnings.
Private sector employers forecast pay rises
of 2% for 2012 Despite the UK's economic woes, private-sector employers are
not too downbeat when it comes to forecasting pay awards, as XpertHR's April
2012 pay prediction survey reveals.