Pay climate is a paid information service providing you with up-to-date analysis of pay awards and other reward measures across the economy. This regular bulletin keeps you and your team at the forefront of pay expertise and trends.
Before we say goodbye (or good riddance, depending on your point of view or indeed your mood) to 2023, it’s worth considering how it started as well as how it ended, and assess how far we’ve come. Inflation is lower so that’s probably a plus, but it’s still higher than it was two years ago, and as a result, although pay settlements are a bit lower, they’re still higher than we became used to in the long decade following the financial crash of 2009. What might happen next year? As well as our snapshot of current settlement trends we also polled employers on their pay intentions for 2024, so that article should be a help, alongside our assessment of City economists’ predictions for inflation...
