Median pay awards fall back to 4.5%, marking lowest level of 2024
New data reveals that the median basic pay award in the three months leading up to July 2024 has fallen to 4.5%, down from a revised 5% in the previous rolling quarter.
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Tag: pay awards
Incomes stagnate since 2010, reports think tank
According to a think tank report, slow economic growth has resulted in household disposable incomes growing very slowly since 2010.
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Pay awards stand at 4.6%
New data reveals that the median basic pay award in the three months leading up to the end of May 2024 was 4.6%!
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Pay awards rise to 4.9% but remain under median basic rate
A recent dataset on pay awards reveals a trend that could influence salary adjustments throughout 2024.
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Half of employers predict higher pay rises in 2022
Three in four businesses cite difficulties in being able to recruit staff, driving up pay awards.
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Over half of pay deals are now higher than a year ago
However, a complete recovery linked to pay awards within the private and public sector has not yet occurred.
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Pay awards stabilise after pandemic uncertainty
Pay freezes are becoming less common, and pay awards are increasing.
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Pay awards have doubled during the second quarter of 2021
How has pay in the private sector changed over the last quarter?
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