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CIPD reports that the “Squeeze on pay is set to continue”

Posted on 17 May 17 by Carol Merriman

According to its recent Labour Market Outlook survey UK employers anticipate average pay rises this year will be just 1%. The survey produced in partnership with The Adecco Group covers more than 1,000 employers made headlines on Monday when it was released, with widespread coverage across the BBC and UK national newspapers including the Financial Times and the Guardian.

 

With continuing restrained wage growth what are you doing to ensure you optimise compensation spend across your salary bill?  Many companies are still failing to tackle pay differentiation and cannot demonstrate that the way they apportion it is done with the best insight and execution; worse still many are not even able to track the total expenditure on salary outside of their main compensation review.  If you think you are guilty of any of these indiscretions then it is time to look at leveraging technology. 

 

At Curo our products and services empower businesses to maximise the impact of their compensation and reward offering; drive fairness, transparency, engagement, motivation, trust and business performance, through the provision of safe, secure and expert technology and information.

 

We are the experts in reward and compensation technology and provide solutions that meet your business needs today and tomorrow

by Ruth Thomas