Pay reviews – More deals at 3% or above

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.

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