The Picking up the Pace report, published by the Confederation of British Industry (CBI), revealed that just five per cent of UK employers are currently implementing a hiring freeze.
This contrasts to almost two-thirds of firms which reported doing so 12 months ago and the 37 per cent pausing recruitment six months ago.
John Cridland, deputy director general of the CBI, commented: 'Although there are some signs that job prospects are improving, a good number of businesses are still operating a pay freeze.'
The report found that 16 per cent of businesses are sill running a pay freeze, while just three per cent intend to increase wages above inflation in the coming months.
Earlier this week, Institute for Employment Studies director of human resources business development Duncan Brown predicted that many companies will start to increase wages in a bid to improve employee motivation and retention.
This contrasts to almost two-thirds of firms which reported doing so 12 months ago and the 37 per cent pausing recruitment six months ago.
John Cridland, deputy director general of the CBI, commented: 'Although there are some signs that job prospects are improving, a good number of businesses are still operating a pay freeze.'
The report found that 16 per cent of businesses are sill running a pay freeze, while just three per cent intend to increase wages above inflation in the coming months.
Earlier this week, Institute for Employment Studies director of human resources business development Duncan Brown predicted that many companies will start to increase wages in a bid to improve employee motivation and retention.
