Pay review: May remains at 2.5%

The median pay award across the whole economy remains at 2.5%, according to our latest analysis. This is the fifth consecutive month in which the median increase has been at this level. Higher awards, i.e. those at or above 3%, continue to account for almost a third of pay outcomes. The latest median, for the three months to May 2018, is influenced by several pay awards of over 4%, for instance at Argos and Centre Parcs, as well as by lower awards in some areas of the economy. Comparatively few increases are below 2% though we have recorded five pay freezes this time.

To read the rest of this article, you must have access to our subscriber zone. To subscribe, email sales@incomesdataresearch.co.uk, call +44 (0) 1702 669549 or fill in our enquiry form here. If you are already a subscriber, please login below.

Existing Users Log In