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CIPD forecasts "dramatic falls in pay growth"

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Source: IRS Employment Review

Issue: 917

Date: 06/03/2009

Publisher: IRS

CIPD forecasts "dramatic falls in pay growth"

TOPICS:

pay and benefits

pay levels and awards

The first half of 2009 will see "dramatic falls in pay growth" as the economic downturn hits the UK labour market hard, according to research from the CIPD and consultant KPMG¹.

The findings on pay intentions are based on responses from 892 UK employers, conducted between 4 December 2008 and 2 January 2009, and focus on pay reviews settling over the six months between December 2008 and May 2009.

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