A SURVEY of South West businesses by Barclays suggests more than half of employers will increase wages in 2014.
The Barclays Employers Survey 2014 found that 61% of businesses plan to raise pay levels.
Despite rising living costs, 50% of respondents said that wage pressure from employees was not an issue with 29% saying it was a concern to some extent and 21% saying it was a major concern.
"After an extended period of wage freezes, which have been tough for employees, it's good to see that so many employers will be increasing wages in the coming year," said Graham Austin, Barclays director, Devon and Cornwall, corporate banking.
The survey also found that 36% of respondents mentioned taking on an apprentice this year compared with 21% from last year's survey.
A majority of 82% of businesses said they would not introduce zero hours contracts.