Mark Crail, managing editor at CELRE
said; "Employers are reacting quickly to the tough economic climate, with pay awards falling and many salary reviews this year resulting in pay freezes.
Research from the Chartered Management Institute and salary survey specialists CELRE
predicts that across the UK women will have to wait 187 years before their take-home pay outpaces that of men.
The findings of the Chartered Management Institute and CELRE
reveal redundancy rates are at their highest level for seven years.
The research, conducted in association with salary survey specialist CELRE
, found that 80% of respondents continue to face difficulties filling vacant roles.
But the survey, published by the Chartered Management Institute and salary survey specialists CELRE
, also revealed an average increase in earnings of 7.