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.
Our latest analysis of trends in pay awards shows that private sector settlements have risen from 2% to 2.4% at the median, mainly as a result of companies acting to raise rates at the lower end of their pay structures to bring them into line with the new statutory minimum rates. Continue reading Viewpoint: Pay squeeze in sharper focus than before
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.
Continue reading Settlements in brief: March median at 2%
The latest settlements analysis from IDR shows the median remaining at 2% in February, based on 59 settlements monitored in the three-months to the end of February.
Continue reading Settlements in brief: median remains at 2% for February
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The median pay award across the whole economy was 2% in the three months to January 2017, according to the latest monitoring figures from IDR. Continue reading Settlements in brief: January awards at 2%
Our latest analysis of pay settlements shows that the median has remained steady for 12 consecutive months at 2% in the three months to December 2016. The private services median remains at 2% for the second consecutive month, having fallen from 2.6% in the three months to October. Continue reading Settlements in brief: median held steady at 2% for duration of 2016
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Car maker Aston Martin, whose vehicles have appeared in a number of the James Bond films, has concluded a new two-year pay deal with trade union Unite. Continue reading Aston Martin pay deal