07-19-2022, 08:27 AM
Currently private sector pay is increasing by 7.1%, whilst public sector pay is rising by 1.5%.
There are reasons for this. The Govt control public sector pay and are concerned that high pay rises and believe that higher pay increases will stoke inflation.
Private sector employers are prepared to pay higher wage rises, because at a time of full employment, they want to be able to competitively recruit and more importantly retain competent employees.
The problem is that key public sector workers will leave to join the private sector. There is already high levels of dissatisfaction amongst teachers, nurses etc, this current situation will only increase this.
There are reasons for this. The Govt control public sector pay and are concerned that high pay rises and believe that higher pay increases will stoke inflation.
Private sector employers are prepared to pay higher wage rises, because at a time of full employment, they want to be able to competitively recruit and more importantly retain competent employees.
The problem is that key public sector workers will leave to join the private sector. There is already high levels of dissatisfaction amongst teachers, nurses etc, this current situation will only increase this.

