TITLE

Restraint urged in pay reviews

AUTHOR(S)
Scott, Anna
PUB. DATE
January 2007
SOURCE
People Management;1/11/2007, Vol. 13 Issue 1, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the observation made by the Chartered Institute of Personnel and Development (CIPD) that the winter pay round will be the pivotal domestic economic event in Great Britain in 2007. According to CIPD chief economist John Philpott, if employers do not maintain pay restraint, interest rates could be pushed above five percent. This increase could result to a drop in demand for labor and a rise in unemployment.
ACCESSION #
23821075

 

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