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Graduate vacancies' pay rises depend on sector, say CIPD

Published: Friday, 01 April 2011   Category: All Graduate job news

University-leavers looking for graduate opportunities may find companies are cutting costs elsewhere in order to give employees pay rises.

That is according to the Chartered Institute of Personnel and Development (CIPD), which also said that the proportion of pay rises given varies between economic sectors.

Charles Cotton, performance and reward adviser at the organisation, said that many employers are having to increase their pay rates to keep up with other companies in their sector.

"It also worth looking at what the organisation is doing at the moment, and if there is a way you can reduce other costs in order to give increases to employees."

However, some industries continued to perform much better than others, Mr Cotton added.

"If you take construction, for example, that is suffering quite hard at the moment, but other sectors like IT and financial services are making a bit of a comeback."

The latest data from IDSPay.co.uk showed that the average media pay rise in the UK was 2.5 per cent in the three months up to the end of February.

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