2011 left many employees across all sectors dissatisfied with the size of pay rise and bonus they received, with the majority having seen their pay either frozen (48%) or cut (5%), and just 18% having received a cash bonus. That's according to the Chartered Institute of Personnel and Development (CIPD)'s annual survey of Employee Attitudes to Pay, which also found that employees are readjusting their expectations for the coming year in line with the economic climate.

Source: CIPD

In its Annual Barometer report the Chartered Institute of Personnel and Development (CIPD) forecasts that the number of people in work in the UK will fall by 120,000 in 2012 despite a continued 'productivity pause' and further real pay squeeze, with unemployment rising to 2.85 million.

Source: CIPD

Copy of Economic and Fiscal Strategy Report and Financial Statement and Budget Report – June 2010 as laid before the House of Commons by the Chancellor of the Exchequer when opening the Budget.

This Budget sets out a five-year plan to rebuild the British economy based on the Government’s values of responsibility, freedom and fairness. It shows how the Government will carry out Britain’s unavoidable deficit reduction plan in a way that strengthens and unites the country.

© Crown Copyright 2010 - HM Treasury Budget 2010

The fifth running of the PAYdata UK Reward Management Survey (in late May 2010) continues to reflect the trend shown in previous surveys as recovery from recession slowly and somewhat tentatively takes place.  The survey included contributions from 64 participants across a variety of industry sectors.

Download an overview of the survey results here. To access the comprehensive version of this report, simply complete the short 10 minute survey.

The fourth running of the PAYdata UK Reward Survey (undertaken in January/February 2010) shows the first tentative signs of confidence returning after the turbulent times experienced through 2009. The survey included contributions from 73 organisations across varying industry sectors.

Download an overview of the survey results here.

Changes in output, employment and wages during recessions in the United Kingdom

By Renato Faccini and Christopher Hackworth of the Bank’s Structural Economic Analysis Division.

Employment has fallen during this recession but by much less than the fall in output. This article examines how the behaviour of the labour market compares with previous recessions. A number of factors, including greater flexibility in real wages, may have helped to mitigate the fall in employment to date. But there is considerable uncertainty about how the labour market will evolve.

Source: Bank of England

By Christopher Hackworth of the Bank’s Structural Economic Analysis Division.

Pay settlements negotiated between employers and their employees have fallen sharply during 2009. Pay settlements have averaged below 2%, with many companies freezing pay. The recession, and the associated drop in employers’ demand for labour, has been a key influence on settlements. Inflation measures frequently cited in pay negotiations have also moderated, further reducing upward pressures on pay. This short article examines the recent movements in settlements.

Source: Bank of England Quarterly Bulletin

Conducted in February, this report outlines the results of PAYdata's UK Reward Management Survey.

It covers the following topics:

• Business Activity
• Employment
• 2009 Pay Review
• Pay Actions
• Bonus
• Total Rewards
• Future Agenda