A prosperous year?

The latest research has explored pay conditions for the year ahead, revealing that in 2011:

• 45% of companies intend to increase pay
• 49% of companies intend to maintain pay levels
• only 6% of companies intend to reduce pay

The survey, conducted on 450 UK businesses, also found that only 13% of companies expect to reduce their workforce following the impact of government funding cuts.

43% of the survey sample intend to pay staff bonuses this year.

The results support suggestions that many businesses intend to take a cut to their bottom line figures, rather than risk losing valuable staff members.

[source: HR Review 4.1.11]