Pay frozen or cut by nearly 50% employers according to CIPD Survey

The summer 2011 Employee Outlook survey found that 42% of employers had frozen pay and 9% had introduced pay cuts in response to the economic downturn.  The proportion of employers introducing pay cuts was the same for private and public sectors, but the public sector reported 70% pay freezes, with 36% in the private sector and 40% in the voluntary sector.

In the private sector 30% have made redundancies and 23% have cut hours.  There have also been reductions in benefits – 17% in the private sector, and pension contributions – 6%.

The full survey can be found here.