Survey: Employee Outlook: Focus on employee attitudes to pay and pensions
Key findings:
- Despite economic growth in 2016, only slightly more employees got a pay increase in 2016 (53%) than did in 2015 (51%).
- Among those who got a pay rise, the typical (median) size was 2%. The average (mean) increase was 3.52% and was higher in the private sector (3.81%).
- Among those who received a pay rise, the net satisfaction score was +37 in 2016, down on the +42 recorded in 2015. The main reasons for dissatisfaction with salary increases were: it had not kept pace with the cost of living (56%), it didn’t reflect how well they had performed at work (23%) and their pay was below what they could get elsewhere for doing the same job (19%).
The survey also considers bonuses, pensions and retirement and employees’ living standards.