Private sector pay deals now pitched at 2.4% - XpertHR
Pay awards across the private sector were running at a median 2.4% in the second quarter of 2012, according to the latest data from XpertHR. But the divergence between settlements in the public and private sectors remains – pay awards in the public sector continue to be stuck at zero.
Key settlement data for Q2
Outlook for manufacturing
Looking to pay award levels for the remainder of the year, a forthcoming survey of the British manufacturing sector from XpertHR will show that:
A final word
"With the busy April pay round now behind us, we can look forward to how pay settlement levels will shape up over the remainder of the year. However, with the third quarter of negative economic growth now confirmed, and the labour market remaining weak, there is no sign of any upward movement in pay settlement levels over the coming months." - Sheila Attwood, XpertHR Pay and Benefits editor.
Want to know more?
XpertHR, formerly known an Industrial Relations Services (IRS), is the “UK's most comprehensive online source of legal compliance, good practice and benchmarking information made available to HR professionals as a single subscription service”. It offers detailed statistics and analysis of recent pay settlements across the UK. XpertHR collects details of pay settlements for around 1,500 employee groups each year. Its database contains more than 28,000 settlements. For more information visit www.xperthr.co.uk.
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