Employees’ pay climbed 5% in 2003, salary survey shows

EMPLOYEES have seen their pay rise by 5% this year and can expect an average increase of 4.5% in 2004.

According to a new salary survey by PriceWaterhouseCoopers there has been a cut in the number of companies maintaining pay freezes and that employees in all sectors have seen their pay rise by 5% this year with further increases on the way next year.

The survey shows that most employees are receiving salary rises just below the terms of the Sustaining Progress national pay agreement. Under Sustaining Progress employees will get pay hikes of 7% over 18 months.