Pay deals hitting 4 per cent, claims research

Pay
deals are running above the rate of inflation, according to research by Incomes
Data Services.

It
shows that pay deals are currently between 3 per cent and 4 per cent, following
a “stable” period.

Three
out of five settlements in the last three months have been worth between 3 per
cent and 4 per cent, compared with 2.5 per cent to 3.5 per cent a year ago.

Incomes
Data Services claims that deals cover up to three million workers mainly in
private firms.

Most
agreements for April will give workers pay rises of 3.7 per cent, many for
staff in the public sector.

The current rate of headline inflation is 2.7 per cent.

www.incomesdata.co.uk

By Mike Broad. Click
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