Managers pay rises at 3.4 percent

June 1997
Management Services;Jun97, Vol. 41 Issue 6, p3
Pay rises for managers averaged 3.4% over the last 12 months according to the latest management salary survey published by The Reward Group. This is in line with pay increases for clerical and operative workers which have averaged 3.3% and 3.1% respectively over the same period. More recent settlements since October 1996 are slightly lower at 3% suggesting that pay settlements will continue to be at the current level for some time to come. "This period of stability in pay increases is virtually unheard of in recent memory" as per Steve Flather, managing director of The Reward Group. Over the same period headline inflation averaged 2.8%. Participants in the survey are forecasting pay increases for managers averaging 3.6% over the next 12 months. The highest average pay settlements were in Hertfordshire/Essex (4.3%), with Central London at 3.7% and the North West at 3.6%. The lowest settlements were in the South West of England and North East Midlands at 3% and Yorkshire North East at 3.2 %. Some parts of the country are forecasting higher average pay increases than others over the coming year. The North West, Thames Valley and Central Scotland areas are all forecasting 3.9%.


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