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Redundancies and resignations down this year

Published: Thursday, 31 March 2011   Category: All Graduate job news

People looking for graduate vacancies in the current economic climate may be forgiven for being slightly pessimistic, but a new report by the Chartered Management Institute may be cause for confidence.

The National Management Salary Survey, carried out by the institute and human resource company Xpert, has revealed that there has been an average salary rise of 2.2 per cent for the year up to February 2011.

Mark Crail, head of salary surveys and HR benchmarking at Xpert, said that companies need to think about more than the basic salary, as this is not the only thing that matters to employees.

"It's encouraging to see a shift in attitude, even if the movement is still small. Employers do, however, need to look beyond pounds and pence to reward their staff appropriately," he said.

"Remuneration is, after all, about the complete package – pension contributions, annual leave and the opportunity to develop skills are all high on the employee agenda."

The study also showed that the proportion of people resigning (3.9 per cent) is the lowest it has been for five years, while the percentage of people being made redundant was also lower than last year (2.2 per cent) 

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