Although many employees are finally seeing real-terms growth in their pay, the XpertHR survey of pay award forecasts for 2015/2016 finds that employers in the private sector are not expecting the value of pay awards over the coming year to change from the level seen for almost three years.
There has been a noticeable slackening in the pace of wage bargaining in utilities over the past 12 months to the point that the median pay award is now the same as for the private sector as a whole. This is a situation few of the industry's employees are used to as they have often received above par increases in recent years.
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