Employee Outlook: Focus on employee attitudes to pay and pensions: Winter 2015-16
The eighth annual survey of employee attitudes to pay is based on a survey of 2,074 working adults, across all industrial sectors. The survey was carried out between 10 December and 22 December 2015 and is representative of the UK workforce in relation to sector, size and industry type. The findings are primarily analysed by sector, organisational size, managerial position and pay. In addition, the findings are supplemented by data from the CIPD’s winter 2015–16 Labour Market Outlook survey of 1,007 employers. This survey was also carried out in December 2015.
Survey findings revealed that despite fewer employees receiving a pay increase in 2015 employee pay rise satisfaction grows along with expectations for a pay increase in 2016. More workers are now in a workplace pension and employees accept that they may have to wait longer before they retire or get a state pension.
‘Despite low inflation over the past 12 months, more employees (22%) report a decline in their living standards between 2014 and 2015 than say it has improved (16%).’