Category Archives: Pay settlements

Settlements in brief: private sector median unchanged at 2.5%

Our latest pay settlement analysis shows the private sector median is unchanged at 2.5% in the three months to the end of August. Meanwhile the whole economy median has fallen from 2.4% in July to 2% in August, owing to the inclusion of some lower-level awards in the not-for-profit and public sectors. Continue reading Settlements in brief: private sector median unchanged at 2.5%

Settlements rise to 2.4%, highest level so far in 2017

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/

Settlements in brief: median at 2% for May

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 economyPrivate sector
Median2.0%2.4%
Average2.2%2.5%
Interquartile range1.0 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.

Staffing pressures drive pay rises in logistics

Pay increases in road transport and distribution are higher on average than for the whole economy, driven mainly by recruitment and retention issues. Our recent survey of pay and conditions indicates growth in employment in the sector, accompanied by pressures around recruitment of drivers and retention of warehouse workers. Continue reading Staffing pressures drive pay rises in logistics