Small businesses 'increase staff wages' as confidence rises
Business news 23 Sept 2013
Some 49% of small businesses with staff on the National Minimum Wage have increased salaries in the past year or are planning to do so in the next 12 months, according to new research from the Federation of Small Businesses (FSB).
In addition, the business lobby group found that the number of firms with employees on the minimum wage fell from 27% to 23% in 2012, while 49% of small enterprises already pay their entire workforce at, or above, the Living Wage.
'With confidence returning to small businesses after a period of wage restraint, our research shows our members are looking to pass on any extra profits to their staff, including those on low pay,' commented the FSB's National Chairman, John Allan.
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