Category Archives: Pay settlements

Pay reviews – Median back up to 2.5% on foot of higher private sector awards

Our latest analysis shows the median pay award across the economy back at 2.5% for the three months to the end of October 2018, having dipped to 2.4% in September. The interquartile range has widened marginally from between 2% and 2.8% to between 2% and 2.9% and the average has also ticked up, under the influence of more higher-end awards in the private sector, with a quarter of pay awards worth 3% or more in the latest period.

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Pay reviews – One third of pay awards at or above 3.0%

While the median pay increase across the economy remains steady at 2.5%, the proportion of awards at or above 3% has increased in the three months to the end of September 2018, according to the latest monitored figures from IDR. The private sector median also remains at 2.5%. The proportion of higher awards, ie those at or above 3.0%, account for a third of all the awards in the sample, up from a quarter in the previous period.

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Pay reviews – August median remains at 2.5%

The median pay award across the whole economy remains at 2.5% in the three months to the end of August 2018, according to the latest figures from IDR. The median remained steady in both the private and public sectors, at 2.5% and 2.0% respectively. Awards at firms in the manufacturing area produced an increased median of 2.8%, up by 0.4% since the three months to July with a similar sample size.

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Pay reviews – Median remains at 2.5%

For the sixth consecutive month, the median pay award across the whole economy stands at 2.5%, with the private sector median also holding steady at 2.5% in the three months to the end of June 2018. The median continues to be influenced by a number of higher awards at or above 4% which together account for a tenth of all rises in the sample.
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Pay reviews – May remains at 2.5%

The median pay award across the whole economy remains at 2.5%, according to our latest analysis. This is the fifth consecutive month in which the median increase has been at this level. Higher awards, i.e. those at or above 3%, continue to account for almost a third of pay outcomes. The latest median, for the three months to May 2018, is influenced by several pay awards of over 4%, for instance at Argos and Centre Parcs, as well as by lower awards in some areas of the economy. Comparatively few increases are below 2% though we have recorded five pay freezes this time.

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Pay reviews – More deals at 3% or above

The proportion of pay awards at or above 3% has increased, according to the latest analysis from IDR, with these awards accounting for over a third of all settlements monitored in the three months to the end of April 2018. This compares to just under a quarter of awards recorded at this level in the three months to the end of January. The median pay increase across the economy remains at 2.5%. This is the same increase recorded in the last five three-month rolling periods. The interquartile range, where half of awards are set, has widened slightly to between 2% and 3%. The latest figures are based on 96 pay awards, covering over 1.5 million employees.

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