Revamp: 'I've just had a brief look at the new website. I have to say it looks fantastic! Congratulations to all concerned on the obvious hard work put in.'
10/06/2015
Initial pay settlements reached for the busy January pay review month are worth a median 2.5%, up half a percentage point on the 2% seen throughout 2017, according to XpertHR. The pay analyst has not recorded a single-month headline figure at this level since early 2014, but stresses that the 2.5% median represents only 59 awards and is, therefore, a snapshot of the first deals to be concluded in early 2018.
Based on a matched sample of employee groups with a pay review date in January, almost 60% of awards paid more than the increase awarded in January 2017.
XpertHR pay and benefits editor Sheila Atwood said:
‘It is almost four years since XpertHR’s headline measure of pay awards has stood at 2.5%, but we are now seeing some much-needed growth in pay award levels in the first deals to be concluded in 2018.’