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Latest News

Dramatic rise in salaries

by Personnel Today 27 Feb 2001
by Personnel Today 27 Feb 2001

Pay
awards have hit a two-year high, according to research by independent analyst
the Industrial Relations Services.

Latest
figures from the IRS show that pay settlements increased dramatically to 3.4 per
cent in the three months to January 2001 – a rise of 0.4 per cent from
December.

The
IRS settlement measure stands at its highest level since November 1998. Half of
all pay deals are now worth between 3 and 3.7 per cent, up from between 2.8 and
3.5 per cent in December.

At
the same time, there has been a fall in the proportion of settlements below 3
per cent, from nearly a third to just over a tenth.

"The
upturn in January deals reflects the impact of higher levels of headline
inflation in the final quarter of last year, which has fed through into rising
settlement levels in the early part of 2001," claimed the report’s author
Jeremy Baugh.

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www.irseclipse.co.uk

By
Mike Broad

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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