Published on Career Center on ClassifiedPost.com

More of that sinking feeling

New findings from the quarterly Classified Post Pay and Job Mobility Survey suggest a notable decline in the level of pay increase being sought by local employees.

Polled in November of last year, fourth quarter (Q4) respondents were markedly more conservative in their pay-rise expectations, relative to those in the preceding quarter (Q3).

Of the 2,200 individuals surveyed, 53.5 per cent said they were unlikely to see a salary-increase of more than 5 per cent. This was markedly up over the previous quarter, where the bottom bracket accounted for just 49 per cent of respondents.

Given the average rate of inflation for the year - 5 per cent, according to the Census and Statistics Bureau - the expectations appear to be relatively modest, reflecting a better sense of awareness about business conditions, explains Matthew Bennett, managing directo