Survey: CIPD/Adecco Labour Market Outlook Survey 2019

The latest CIPD/Adecco Labour Market Outlook survey has just been published, and makes for interesting reading when it comes to the thorny topic of reward.

It reveals private sector pay expectations for 2019 have now reached a seven-year high – rising from 2% to 2.5%. It is the highest rise since the outlook first starting recording, and can partly be explained by the fact 71% of organisations now reveal they have vacancies that are proving 'hard to fill'.

The report looks at what is driving employer expectations of pay rises, and it also finds:

• 42% will be rising salaries because of inflation
• 38% will be rising salaries to stay in line with their rivals

The report finds private sector employers are more likely to raise overall salaries (62%) than public sector employers (34%) in response to retention pressures.