More businesses hoping to give pay rises

More businesses in Bradford plan to give their staff a pay rise than 12 months ago, according to Bradford Chamber of Commerce.

The Chamber carries out an annual poll of its members to assess company intentions and confidence, with planned pay rises the central question.  This time last year, only 47% of respondents hoped to increase staff wages; this year that figure is 82%.

Nearly two-thirds of respondents (62%) planned to award 2-2.9%; 12% hoped to give 3% or more, while another 12% said the planned rise would be performance-related.  Six per cent also favoured a 1-1.9% increase.

1.       Results are summarised below.

Did you give a pay rise in the previous year?

 %

2013

2014

Yes

51

70

No

47

29

2.      What are your pay plans for 2014?

 %

2013

2014

Increase

47

82

Freeze

48

18

Reduce

1

0

3.       If a rise is planned, at what level and how implemented?

2013

2014

Below 1%

4

0

1 – 1.9%

14

6

2 – 2.9%

21

62

3% or above

10

12

Performance only

9

12

Written on 18th February 2014Lillie Geistdorfer. Published in Economy, News, Survey