Salary prospects good - if you still have a job
2:00PM Wednesday Feb 25, 2009

The good news is that the majority of New Zealand's privately owned businesses plan to increase salaries in line with inflation this year.

The bad news is that one third of these companies confirm they expect a cut in staff employed.

The figures are contained in the latest survey results from a report issued by accounting firm Grant Thornton.

The only bright light in the survey is that 57 per cent plan to increase salaries in line with inflation and a further 13 per cent actually expect to increase salaries above inflation.

A further 24 per cent will either offer no rise, or actually reduce pay, while the remainder say the situation is too difficult to predict.

More here.