London - Two fifths of British workers landed significant pay rises last year but a similar number endured stagnant salaries as the fortunes of the workforce diverged sharply, a human resources organisation said on Monday.
The Chartered Institute of Personnel and Development (CIPD) warned of a "tale of two workforces" as its quarterly labour market report showed 40% of employees enjoyed pay rises of 2% or more while 39% saw their pay frozen and 3% suffered pay cuts.
Another 18% received a pay rise between 0.1% and 2% in the year to December.