Britain’s wage growth for permanent staff has reached its slowest rate in more than a year, a new report from KPMG and the Recruitment and Employment Federation has revealed.
The jobs report from the accountancy giant showed a fall in the index gauging salaries for permanent staff to 61.1 from 61.5 in August - a 13-month low.
The reduction in wage growth came as demand for permanent staff steadied, with an index reading of 60.2 compared to 60.1 in August, although the same peroid showed a rise in wages for temporary workers, with an increase 59.0 from 58.5, according to the report .
KPMG’s Alan Nolan commented: "Surprisingly, there are no signs here of any impact from the credit crunch, but then it is probably too early to look for any."
"The overall picture of a tight labour market remains," he added.
KPMG Report Slowdown In Wages Growth
Thu, 04 Oct 2007
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