The latest IDR analysis of pay settlements shows that Continue reading Private sector pay settlements remain at 2.4%
Category Archives: Pay settlements
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 economy | Private sector | |
| Median | 2.0% | 2.4% |
| Average | 2.2% | 2.5% |
| 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.
Viewpoint: Pay squeeze in sharper focus than before
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
Settlements in brief: March median at 2%
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.
Settlements in brief: median remains at 2% for February
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
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
Settlements in brief: January awards at 2%
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%
Settlements in brief: median held steady at 2% for duration of 2016
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
Settlements in brief: median remains at 2% as we head into 2017
Our latest analysis of pay settlements shows that the median has remained steady for 11 consecutive months at 2% in the three months to November 2016. The private services median has fallen back to 2% in our latest analysis, down from 2.6% in the three months to October. Continue reading Settlements in brief: median remains at 2% as we head into 2017
Viewpoint: Not enough cooks spoil festive season outlook
With the winter holiday season almost at hand, two recent news items caught our eye. One is that trained chefs, an important component of the festive labour market, are in short supply. Continue reading Viewpoint: Not enough cooks spoil festive season outlook