The median pay settlement across the whole economy has remained steady at 2% in the three months to April 2016, according to the latest monitoring figures from IDR’s Pay Climate. The median award has been constant for four consecutive rolling periods, since the three months to January. However, this figure is not necessarily representative of awards across the different parts of the economy where pay outcomes have varied. In this key period for pay setting, higher awards have been reached in the private services sector where the median is 2.5%. Meanwhile, lower awards have been paid in the not-for-profit sector as well as in the public sector, most of which is still formally subject to the Government’s 1% pay cap policy, though variations have begun to appear. Continue reading Whole economy median pay settlement of 2% masks sectoral variation →

Our next detailed analysis of pay settlements will appear in our regular Pay Climate e-bulletin at the end of the month. However, ahead of this we took a look at the figures to see what they might indicate. The figures for the three months to March, based on some 70 awards, show a median of 2%, and a fairly narrow interquartile range between 1% and 2.5%. The average is the same as the median, at 2%. Continue reading Settlements in brief: April pay awards show rise in proportion of higher-end increases →