Training takes priority over pay raises

European companies looking for sales and marketing experience in 2007
||Last Updated: 02/01/2007

Employees are unlikely to receive large base-pay increases next year, but will benefit from more training and development opportunities, according to a European survey by Mercer Human Resource Consulting.

The survey of more than 430 companies in Europe, mostly multi-nationals, found that only 16 per cent of respondents are planning to increase their investment in base-salary raises next year. In contrast, 58 per cent say they will spend more money on training and career development initiatives for staff.