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13/10/2016
The median pay award for the three months to the end of August 2016, traditionally a relatively quiet time for pay settlements, stood at 2%, according to the latest XpertHR figures. Employers are starting to watch pay trends closely in order to prepare for the busier months of the autumn and winter, the pay analyst suggests.
Reward professionals are also having to implement rises to the national minimum wage from 1 October 2016 and plan ahead for further increases, including to the national living wage, from April 2017.
Sheila Atwood, pay and benefits editor at XpertHR, said:
‘The overall level of pay awards stands at 2% but there is a fairly wide spread of awards either side of this figure. Private sector employees continue to fare better than their public sector counterparts – a situation that is expected to prevail for at least the remainder of the government’s period of pay restraint.’