Our latest survey of pay and conditions for engineering workers suggests stronger pay growth for manual workers than for white-collar staff and managers, driven by higher – often negotiated – pay awards. Recruitment pressures have also played a role, as well as staff turnover among operators.
According to our most recent detailed quarterly analysis, the median pay award across the whole economy was 2% in the three months to October 2017, according to the latest monitoring figures from IDR. See the full quarterly analysis here.
The Government has accepted the Low Pay Commission’s recommendation for a 4.4% increase in the National Living Wage which takes the rate for workers aged 25 and over from £7.50 to £7.83 an hour, effective from 1 April.
There have also been larger increases to the statutory minimum rates for younger workers, in an effort to close the gap between the statutory rate for ‘adult’ workers and that for workers aged under 25. Continue reading National Living Wage to rise by 4.4% in April
We have created a new page with links to current surveys in the field. All participants receive a free summary of the results. If you are interested in contributing to any of our surveys visit here.
As employers start to publish their gender pay gaps, IDR’s Louisa Withers explains why the reports could play an important role in furthering equality. So far, over 200 organisations have published their gender pay gaps on the Government’s official website, in advance of the deadline of 4 April 2018. Continue reading Gender pay reporting: the new rules
According to the latest monitoring figures from IDR, the median pay settlement across the economy rose to 2.4% in the three months to July. This is the highest we have recorded so far in 2017, up from 2% in the previous three rolling periods. The latest figures are based on 75 pay settlements, mostly at organisations in the private sector.
For the full article see http://www.incomesdataresearch.co.uk/subscribers-2/idr-pay-settlement-levels/
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Our latest analysis of pay settlements shows the median falling back to 2% in May. However the interquartile range, where half of awards are set, remains at between 1% and 2.8%. This partly reflects a wide range of pay outcomes, with increases monitored in the latest period ranging from a pay freeze to 10.5%. The analysis is based on 130 pay settlements monitored by IDR in the three months to the end of May.
|Pay settlement data - three months to end of May 2017|
|Whole economy||Private sector|
|Interquartile range||1.0 to 2.8%||1.9 to 2.9%|
|Based on 130 settlements covering 3.3M employees in total.|
The median had risen to 2.4% in the three months to the end of April, under the influence of more awards worth 3% and above. Many of these were aimed at bringing lowest pay rates in line with the new National Minimum and National Living Wages. Indeed a closer look at private sector awards in the latest period shows that the median here is still at 2.4%.
Our next full quarterly analysis will be in Pay Climate, release date Thursday 7 September.
Legislation requiring firms with at least 250 employees to publish their gender pay statistics came into force on 6 April 2017. IDR conducted a survey of subscribers asking what progress organisations have already made in calculating and publishing the relevant statistics. The results show that just under half have calculated the figures while around a third plan to publish their statistics before the formal due date in April 2018. Continue reading IDR survey: progress on gender pay reporting
The latest settlements analysis from IDR shows the median steady at 2% in March, based on 71 settlements monitored in the three-months to the end of March.