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Out Of Recession? Right - Now Let's Get Those Salaries Restored

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Pre-recession salaries not yet reinstated

19 July 2010

Despite the recession being officially over, many workers' salaries have still not returned to the level they were at prior to the downturn, according to research by Badenoch & Clark.

A large number of employees opted to take pay cuts during the economic crisis to avoid being made redundant, and data shows that 77% of these individuals have not had their full salaries reinstated.

However, the study also found that employees remain hopeful their pay will rise in the near future, with 76% hoping to return to their full salary in the coming months, despite the fact that just 15% have been assured this will definitely happen.

Lynne Hardman, managing director at Badenoch & Clark, said: "Now the UK is emerging out of recession, we could see employees being given more work for a lower remuneration package than pre-recession, which in turn could lead to many UK employees embarking on a search for new employment."

Last month, data from Income Data Services found that the typical pay rise in the private sector was two per cent in the three months to May.

There we are. Full power again Cap'n - damage report says we're good to go <_<

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