PAY DATA
Gap between private and public sector pay deals widens
The gap between pay awards in the private and public sectors has widened, according to the latest data on wage settlements from IDSPay.co.uk. The median settlement level for private sector deals in the three months to the end of June jumped to 2.9%, up from 2.5% in the previous month. Meanwhile, the public sector figure remains at zero.
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Summary of key settlement data
For the three months to the end of June 2011, based on 136 settlements covering 3.9 million employees in total, the key IDS statistics are these:
Whole economy median: 2.5%
Whole economy average: 2.3%
Whole economy inter-quartile range: 1.5% to 3.0%
Private sector: 2.9%
Manufacturing and production median: 3.0%
Private services median: 2.5%
Public sector median: 0.0%
Not-for-profit and related services median: 1.3%
A final word
“Employees’ experiences in respect of annual pay awards are very different in the private and public sectors. The median level of awards has risen in the private sector, though it is still some way behind inflation. Meanwhile in the public sector the policy of freezing basic pay for most staff means that for many, the squeeze on incomes is even greater.” – Ken Mulkearn, Editor of IDS Pay Report.
Want to know more?
IDSPay.co.uk is an online source of all the remuneration data collected by IDS, on pay settlements, pay levels and executive compensation. Visit www.IDSPay.co.uk to see a demonstration or to sign up for a free trial.
IDS Pay Report, published fortnightly, is the UK's “leading source of research and analysis on pay and benefits across the economy”. For details visit www.incomesdata.co.uk or tel: 0845 600 9355.
Incomes Data Services is the “leading UK information and research service on employment issues, providing a range of publications for employers, trade unions, government departments and other agencies”. For more information visit www.incomesdata.co.uk.