Firms avoid making long-term pay deals

Stevens, Michelle
July 2010
People Management;7/29/2010, p9
The article reports on the claim of reward experts that the popularity of long-term pay deals among unions and employers is diminishing in Great Britain. Alastair Hatchett of Incomes Data Services notes that long-term pay deals need to regarded as an exception instead of the rule. It is said that any new multi-year pay deal is made impossible in the public sector due to the pay freeze plan of the government. Owen Warnock of Eversheds believes that long-term pay deals will regain their popularity in an upturn.


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