Employee Pay Rises

Three Quarters of Small Businesses Planning Employee Pay Rises in 2015

76% of small and mid-sized firms are optimistic about their business’ 2015 prospects The majority of small and mid-sized firms (74%) believe that they will be able to offer employees pay rises next year, according to the latest Close Brothers Business Barometer (CBBB). The quarterly survey, which gages the opinion of small business owners across a range of sectors, revealed of the businesses predicting wage increases, 36% will offer companywide rises and 39% will increase wages on merit. 76% of businesses are optimistic about the future with 41% predicting company expansion. Business optimism appears to be nationwide. Whilst London and the South East came out highest in regards to the number of entrepreneurs predicting wage increases at 80% and 81% respectively; the lowest regions– East An... »