Daily Management Review

Analyst Say In 2016 The Wage Growth Will Be Slow


12/31/2015


CIPD’s economists predict that wages in U.K will grow at a rate that is below the level that was forecasted.



An industry figure reported that the U.K government received a wrong forecast patterns for the “wage growth in Britain in 2015”.
 
The growth rate of the salaries will continue on a steady footing at a two percent rate in the coming year. According to the “Chartered Institute of Personnel Development” the rate has been determined by the fact that employers worried about hundreds of “personnel costs” that were “set to rise”.
 
Pencilling in, the Bank of England and “the Office for Budget Responsibility” had clipped at “3.5%”, while the figures proved to be lower than estimated.
 
There were some commotions within the employees which related to the latter of “the increased minimum wage” cost, along with “greater pension costs” for small companies, while the large ones were expected to “to take apprentices on”.
 
In a Reuters report, the chief economist at CIPD, Mark Beatson was quoted saying:
“With inflation close to zero, some employers would try to manage these costs by restricting pay rises for their better-paid employees”.
 
Furthermore, Beatson thinks that the net migration into Britain can be expected to hit recorded levels so as to “keep a lid on salary costs”. This will allow the firms to “easily meet their staffing needs” besides abolishing the “risk of any ‘skills crunch’ happening soon”.






References:
http://www.digitallook.com/
 



Tags : Britain, CIPD, U.K, Wages




Science & Technology

Motorola’s New Patent Will Self-Heal A Cracked Smartphone Screen

Auto Parts Out Of Wood Is What Japan Is Looking At Making

Security Firm Claims Hotel Guests Across Europe Were Targeted By Russia-Linked Hackers

World’s First Genetically-Modified Animal To Enter Food Supply Is Salmon

In The Future, UBS Analyst Says, Multiple Planes Could Be Operated From The Ground By Today’s Pilots

Will Germany save diesel?

How China became a pioneer of the solar industry

CNBC: Intel leaves the wearable gadgets market

Oculus Rift falls in price…again

Ukraine Police Official Says Likely Cover For Malware Installation Was Global Cyber Attack: Reuters

World Politics

World & Politics

Rivalry Between Two Nuclear Giants Just Cranked Up By Trump

Ten most technologically advanced countries in the world

China counts losses from sanctions against the DPRK

OCP Group Vs South African Courts: A storm is brewing on international maritime trade

Britain to conduct a study on labor migration after Brexit

CNN: Rex Tillerson may leave the post of US Secretary of State

Its South China Sea Territory Being Protected By Indonesia From 'Foreign' Threats

A Swarm-Like Attack From North Korea Could ‘Overwhelm’ South Korea's THAAD Missile Shield