Record numbers of migrant workers to keep Britons’ pay down in 2016, say experts

Record Numbers Of Migrant Workers To Keep Britons' Pay Down In 2016, Say ExpertsGETTY

British workers are in for subdued wage increases in 2016

Wages will rise by just two per cent in 2016, predicts the Chartered Institute of People Development (CIPD) and added that the Bank of England and Office for Budget Responsibility's forecast of a 3.5 per cent pay increase is "too optimistic".
The trade body predicts the number of jobs in Britain will grow by as much as 500,000.
But thanks to growing numbers of workers migrating to Britain there is no shortage of skills, which is helping to keep a lid on wage inflation, said the CIPD.
The influx of foreign workers means that skills shortages are unlikely to pose a problem for most employers, who are reportedly confident about 2016 recruitment.
Mark Beatson, chief economist for the CIPD, said: "Shortages of skilled labour are not having any noticeable effect on economic growth, except for a few very specific sectors, such as construction.
"This is because our research shows that most employers remain confident about recruitment going into 2016 and most say they have a choice of suitable candidates for most positions.
"With record levels of net migration into the UK increasing the supply of labour, it doesn’t look like we’re going to see a skills crunch any time soon."

uk workers - Record Numbers Of Migrant Workers To Keep Britons' Pay Down In 2016, Say ExpertsGETTY

Migrants are keeping wages down, say experts

man working - Record Numbers Of Migrant Workers To Keep Britons' Pay Down In 2016, Say ExpertsGETTY

There's no shoratge of skills, according to the CIPD

Even the introduction of the National Living Wage in April is unlikely to significantly bump up headline pay, according to the CIPD.
Mr Beatson added: "The introduction of the National Living Wage in April might push up the official figures for average earnings, but this is likely to be a temporary effect as these other cost increases in the pipeline will potentially restrict the ability of employers to afford significant pay rises."
The economist said that more needs productivity in the workplace which is the biggest risk to Britain's long-term economic prospects.
He added that investment in leadership and line management capabilities are key to getting the best out of staff.

Record Numbers Of Migrant Workers To Keep Britons' Pay Down In 2016, Say Experts
Record Numbers Of Migrant Workers To Keep Britons' Pay Down In 2016, Say Experts
Record Numbers Of Migrant Workers To Keep Britons' Pay Down In 2016, Say Experts
Record Numbers Of Migrant Workers To Keep Britons' Pay Down In 2016, Say Experts

Record Numbers Of Migrant Workers To Keep Britons' Pay Down In 2016, Say Experts

Record Numbers Of Migrant Workers To Keep Britons' Pay Down In 2016, Say Experts