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Manufacturing pay remains stable, EEF/JAM survey shows

A new survey has revealed that in the three month period up to the end of March, salaries in the manufacturing sector remained broadly similar to the three months leading up to the end of February.

The EEF - a manufacturers' organisation - and JAM Recruitment survey of 245 firms showed that the average settlement level was 2.4 per cent, which was unchanged from the previous figure.

Lee Hopley, chief economist at EEF, said it seems this is remaining the case despite inflation and does not predict this altering in the near future.

Chief executive of JAM Recruitment John Morris said that while many firms are being cautious when it comes to salaries in light of the the economic crisis, "the slight decrease in the rate of pay freezes compared with the average figure for 2012 is perhaps an early reflection of a new optimism in the market".

It was also noted that there are more vacancies being advertised in the sector than there were a year ago.

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Posted by Richard EsquilantADNFCR-1617-ID-801577769-ADNFCR