Pay awards in 2013 are confirmed as 2%, according to the latest data from pay specialists XpertHR.
Retail price index (RPI) inflation stood at 2.6% in November, meaning employees have again seen a fall in wages in real terms over the past year.
Employees will be hoping that they receive the predicted 2.5% pay award for the coming year.” – Sheila Attwood
XpertHR Pay and Benefits editor Sheila Attwood said: “The 2% benchmark pay award during 2013 is lower than employers had predicted, but reflects the fragile economic recovery. Employees will be hoping that they receive the predicted 2.5% pay award for the coming year.”
Visit XpertHR to read all the key findings for pay awards in the three months to the end of November 2013.