CIPD: Strong supply of skilled staff will limit wage inflation
Workers are unlikely to see much in the way of wage inflation over the next year, a report published today by the Chartered Institute of Personnel and Development (CIPD) has found.
The 1,037 HR professionals and employers surveyed for the CIPD’s latest Labour Market Outlook report revealed that they only intended to raise basic pay by a median of two per cent in the 12 months to September 2016, as most continue to be able to fill vacancies without having to bump up wages.
“It seems that Armageddon warnings about the UK facing a skills shortage crisis understate the ability of many employers to ease their recruitment problems,” said Gerwyn Davies, labour market analyst at the CIPD.