There’s more to reward than headline-grabbing stories about City bonuses

The past year has been a tale of two sectors for reward. While most private-sector organisations froze pay in 2009 to keep down costs, much of the public sector continued to award pay rises, typically of 2 to 4 per cent, often dictated by long-term pay deals.

This year, with the economy poised on the brink of an upturn but faced with huge constraints on public spending, the situation is heading for a reversal. The CIPD’s 2009 Reward Management survey report shows that the private sector’s priority this year will shift from cost cutting to ensuring competitiveness with market rates, while the public sector has been put on notice by ministers to expect only minimal pay increases for the foreseeable future.

>>> read the full article at People Management

Kevin Harrington Partner

Kevin Harrington is a Partner at Exit Factor UK, helping SME owners increase business value & build a rewarding, well-planned exit. Former CMO at BBC Worldwide.

See Full Bio

Marketing B2B Marketing Maximising Business Value Product Marketing