Pay rises up thanks to recovery and inflation
What are you worth?
Pay rises in the private sector are on the increase again as firms start to feel the benefit of economic recovery.
Media pay rises are running at around two per cent this year, with over half between two and three per cent. Most staff expect bigger rises next year. Those in the public sector are likely to be less happy - median pay rises are zero, despite some increases for groups at the end of long-term deals.
There will more pressure on employers to increase pay because inflation is expected to be about four per cent between January and April next year - key months for most negotiations and pay agreements.
A sample of 300 firms found that over half of them did not freeze pay in either 2009 or 2010.
Researchers predicted private sector pay awards could range around three per cent by the end of 2011, if the recovery continues.
The numbers come from IDSPay.co.uk. The full survey will cost you £100. ®
Why doesn't it matter?
It does matter, there will still be people employed in the public and private sectors, there isn't going to be any overnight total collapse, we are a civilised country with a relativly stable governement and economy. IT systems still need to be looked after and maintained. Please elaborate why the public/private scetor divide doesn't matter?
i work for Fujitsu.
Feel free to do so...
a) the conditions are not better in the private sector, regardless of which ass the author pulled this report's figures from. I imagine anyone "here" has been lucky to get 2% in the last 5 years. And that's before they started laying us techs off for even cheaper staff "abroad".
b) You're lucky you got 10 years in that job; that's "job security" in the private sector. Some of us in private have even forgotten how to spell "job security".
c) one less public sector worker = ones less salary we privates indirectly subsidise. In some councils, the ratio of public/private workers is nearly 30%. That's not sustainable.
d) your increases got capped only last year...what was happening in the years before? You're lucky to have a salary increase to be capped on, frankly.
e) And what about this infamous gold-plated public sector pension, we in the private sector can only dream about? And the earlier retirement age? You're lucky to even have an employer funded one these days in the private sector.
Sorry, but the grass is definitely not greener here in the private sector. Some harsh lessons in reality coming to the public sector methinks, and parity is long overdue, tabloid sensationalism or otherwise - and it was due long before the casino bankers kicked off the official recession.