UK employees have poor but realistic salary expectations for next year, according to a report published today by the Chartered Institute of Personnel and Development (CIPD).
The CIPD's annual Barometer Report reveals the full extent of the gloomy pay prospects for next year, after 2,604 employees were quizzed on their attitudes to pay in 2009.
The results showed that 28% of employees felt they would not receive a salary increase in 2009; 26% believe they will get a pay rise, but it will be less than last year; whilst 2% think they may even be given a pay cut.
The CIPD's reward adviser, Charles Cotton, said that employees are simply being realistic about their pay prospects: "Against this backdrop, employers will need to work hard to find new ways to motivate their employees to perform.