TITLE

Why falling inflation might mean pay freezes all round

AUTHOR(S)
Brockett, James
PUB. DATE
April 2009
SOURCE
People Management;4/9/2009, Vol. 15 Issue 8, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the implications of pay freezes for human resources (HR) in Great Britain. According to the latest Labour Market Outlook survey by the Chartered Institute of Personnel and Development (CIPD), 74 per cent of employers say the inflation rate is a key factor in their pay reviews. John Philpott, public policy director at CIPD, says a pay freeze or pay cut will feel like a hardship, especially while the consumer price index (CPI) measure of inflation continues to increase.
ACCESSION #
40399679

 

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