Private sector pay rises 'subdued'

Twenty pound notesPay rises in private firms are predicted to be "subdued" in the coming year, with awards expected to be 2%.

A study of more than 250 organisations by pay analysts XpertHR showed that one in 10 is forecasting a wage freeze, with a similar number expecting to give increases of more than 3%.
Sheila Attwood, of XpertHR, said: "A median 2% increase during 2012 will result in another of year of below-inflation pay rises."

The report said employees understood the economic challenges faced by organisations.
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