The median pay award for the last three months of 2018 remained at 2.5% across the whole economy, according to the latest figures from IDR. This is consistent with the overall median of 2.5% for the economy during 2018. We also take a first look at January deals.
The median pay increase across the whole economy remains at 2.5% in the three months to the end of November 2018, according to the latest figures from IDR. The private sector median is also steady at 2.5%
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.
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.
IDR monitoring of pay reviews in local government shows that while the median at opted-out councils is in line with the National Joint Council pay award, merit-based rises appear to be gaining popularity among employers outside the national deal.
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.
The median pay increase across the economy held steady at 2.5% in the three months to July 2018, according to the latest monitoring figures from IDR. It has not dipped below this figure since the three
months to November 2017. Continue reading Pay reviews – Median rise steady 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.
Continue reading Pay reviews – Median 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.
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.