Issue 36, March 2024
https://www.incomesdataresearch.co.uk/resources/pay-climate/issue-36-pay-climate

The latest bulletin for March 2024 features insights from our survey on pay in retail as well as the latest inflation forecasts.

Major retailers increase pay to £12 an hour
https://www.incomesdataresearch.co.uk/resources/insights/major-retailers-increase-pay-to-12-an-hour

IDR's article examining pay rates in retail

The value of flat-rate pay awards
https://www.incomesdataresearch.co.uk/resources/viewpoint/the-value-of-flat-rate-pay-awards

IDR's article on flat-rate pay awards

Labour market overall remains tight
https://www.incomesdataresearch.co.uk/resources/viewpoint/labour-market-overall-remains-tight

Read IDR's latest insights on labour market statistics

Inflation set to moderate further over coming months
https://www.incomesdataresearch.co.uk/resources/viewpoint/inflation-set-to-moderate-further-over-coming-months

Read IDR's latest insights on inflation forecasts

Ahead of NLW increase, employers accommodate a narrowing of differentials
https://www.incomesdataresearch.co.uk/resources/viewpoint/ahead-of-nlw-increase-employers-accommodate-a-narrowing-of-differentials

Read IDR's latest insights on the retail sector

Benefits Handbook
https://www.incomesdataresearch.co.uk/reports/benefits-handbook/benefits-handbook-2024

The IDR Benefits Handbook is based on data collected by IDR directly from employers as part of our research programme in 2023.

National Living Wage rises by 9.8%
https://www.incomesdataresearch.co.uk/resources/insights/national-living-wage-rises-by-98

The National Living Wage (NLW) rose by 9.8% to £11.44 on 1 April. It has also been extended to workers aged 21 and 22, who were previously covered by the highest tier of National Minimum Wage (NMW) ‘youth rates’.

The median pay increase across the economy has held steady at 5 per cent in the three months to January | press mention
https://www.incomesdataresearch.co.uk/resources/insights/the-median-pay-increase-across-the-economy-has-held-steady-at-5-per-cent-in-the-three-months-to-january-according-to-analysis-of-pay-awards-by-incomes-data-research-press-mention

The Bank of England is set to keep interest rates unchanged this week as it hunts for clearer signs that pay growth and services inflation are cooling sufficiently to permit a cut in the cost of borrowing.

Supporting autistic employees to fulfil their potential
https://www.incomesdataresearch.co.uk/resources/insights/supporting-autistic-employees-to-fulfil-their-potential

How employers can support autistic staff, including an overview of the government's recent Buckland Review of Autism Employment.

New employment law changes in effect from April
https://www.incomesdataresearch.co.uk/resources/insights/new-employment-law-changes-in-effect-from-april

A wave of new employment law amendments come into effect next month, enhancing protections for pregnant workers, expanding coverage of flexible-working entitlements and increasing support for unpaid carers.

How useful are predictions about pay awards?
https://www.incomesdataresearch.co.uk/resources/insights/how-useful-are-predictions-about-pay-awards

IDR's research on pay awards in 2024

Inflation falls on all three measures
https://www.incomesdataresearch.co.uk/resources/viewpoint/inflation-falls-on-all-three-measures

IDR's latest article on inflation

Nearly two-thirds of pay rises are worth 5% or more
https://www.incomesdataresearch.co.uk/resources/viewpoint/nearly-two-thirds-of-pay-rises-are-worth-5-or-more

IDR's latest analysis on pay awards

A quarter of pay increases are worth 6% or more
https://www.incomesdataresearch.co.uk/resources/press-releases/a-quarter-of-pay-increases-are-worth-6-or-more/2

A quarter of pay increases are worth 6% or more