Prepared by Anne Corder Recruitment in association with salary and reward experts Paydata Ltd, the report allows for participating organisation to benchmark their remuneration to the local labour market in a robust and confidential manner.
This year’s results reveal a 15 per cent reduction in pay freezes from 2012, with only one in 10 of those surveyed locally still facing a pay stalemate for the coming months. This decrease has failed to raise pay any higher however, with the overall average sticking at 2.5 per cent for the second year running.
“As predicted, the remuneration market continues to level out at a slow, but steady pace,” said ACR recruitment partner Karen Dykes. “While we would obviously prefer to see a higher percentage for pay increases, any reduction in frozen pay is a big positive for the local economy.”
Roles such as account department manager, advanced accounts clerks, HR officer and marketing assistant have seen the biggest pay increases this year, while call centre team leaders and director’s PA’s have suffered average pay cuts of between four and eight per cent.
The salary survey has been organised annually for the past 16 years, during which time one of the region’s most respected and reputable reports of its kind.
Commenting also on this year’s results, Tim Kellett, Director at Paydata said: “We conduct the salary survey nationally as well as locally and Peterborough’s headline pay increases continue to follow the wider trend, which is encouraging. It demonstrates this phase of slow recovery is ongoing, as wage settlements attempt to catch up with inflation.”
If you’ve found these results interesting, you can request a free summary report from ACR by calling 01733 235 298 or emailing firstname.lastname@example.org
The team are now taking enquiries about next year’s survey also, so if you would like to take part and receive a more comprehensive version of the report, please get in touch.