Retail sector pay awards to average 2.8% next year

Retail pay reviews are forecast to average 2.8% during the 2005 pay round, according to Mercer HR Consulting, with retention cited as the key driver of reward strategy.

  • Forecast increase of 2.8% for retail staff next year   IRS Employment Review reports.

    Also

    Retailers spend on pay to keep pace with the economy   Writing in IRS Employment Review, Sarah Dennis presents an analysis of 74 retail pay settlements concluded between 1 September 2003 and 31 May 2004, covering 482,625 employees.

    National minimum wage   Visit XpertHR's statutory rates service for full details of current rates and the new rates from 1 October 2004.

    Low Pay Commission consults on minimum wage   XpertHR reports.

    Store guide: industrial relations in retail   By Louis Wustemann, writing in IRS Employment Review.

    Firm hold on retail pay purse strings   Read the previous IRS round-up of retail settlements .