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UK offering more jobs but less pay in 2013


UK offering more jobs but less pay in 2013

UK offering more jobs but less pay in 2013
The trend of growth in the jobs market in the UK is set to continue into the early months of 2013.

However, the increased number of positions becoming available will be offset by the fact that anyone gaining a job will end up getting less remuneration for their troubles.

A report released by Reed found that in December of 2012, employers were offering ten per cent more jobs than they were a year earlier. It also found that these positions were not seeing a rise in wages that would be in line with inflation, which fluctuates around the three per cent mark.

In fact, Reed said, in the 12 months to the end of December 2012, there had actually been a fall of one per cent in what those coming into new positions were being offered on average.

Part of the problem in the UK with regards the likes of the housing market have come from the fact that most companies have frozen pay rises or offered paltry increases in the remuneration they offer their staff simply to make sure they keep their job.

A recent report from the Office For National Statistics (ONS) echoed this, as it said that wages were not going in the right direction, in spite of the fact 490,000 more workers were finding jobs throughout December than were in the same month during 2011.

Mark Rhodes, marketing director at Reed, said: "We have seen growth across the board in the majority of sectors and regions as employers become increasingly less cautious about their approach to taking on new personnel."

However, businesses may have to deal with the burden of keeping the market afloat in the face of falling numbers of people who are working in the public sector.

Howard Archer of IHS Global Insight said that the current steady growth of the private sector's job totals may not even be enough to offset the slow cull of jobs that is taking place in the public sector and damaging the overall unemployment figure.

Posted by Fiona SummersADNFCR-1275-ID-801515532-ADNFCR

Posted: 02 January 2013 18:10:00
Filed under: Europe
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