wage increase

Be Honest about Pay Rises Employers told

Employers under pressure to give pay rises they cannot afford must be frank with staff. Research from business consultancy firm Croner Reward revealed that just 30% of employers have given a pay rise below last year’s level, despite the economic slowdown. The research highlighted that inflation and public–sector pay deals have been strong influences on pay–award decisions. According to CR’s business director, Andrew Walker, employers need to be open with employees and not just make pay awards that could result in the need for business cuts in the future. “The reality is that small–business owners and managers are facing the same pressures as their staff – their tax bills are going up, their utility bills are going up and their fuel bills are going ... »