Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Recruitment & retention
    • Wellbeing
    • Occupational Health
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Recruitment & retention
    • Wellbeing
    • Occupational Health
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise

Latest News

Pay deals rise back to 3 per cent

by Personnel Today 23 Aug 2004
by Personnel Today 23 Aug 2004

UK
pay deals are back at 3 per cent, according to the latest figures from
Personnel Today’s sister publication and pay analysts IRS.

As
the UK
enters the quieter period of pay bargaining over the summer months, the IRS pay
databank measure of pay awards across the whole economy – the mid-point in the
range of recorded deals – has risen to 3 per cent for the three months ending
July 2004.

The
headline figures for the previous three rolling quarters have also been revised
upwards from 2.9 per cent to 3 per cent, as more settlements have been added to
the IRS pay databank. This means that the IRS measure of pay settlements has
remained at 3 per cent for every rolling quarter since March 2003.

Other
key findings include:

–
Inflation matching pay awards: now that pay awards have returned to 3 per cent,
they are matching the level of headline inflation, which means that employees
are receiving a cost of living increase

–
Public and private sector pay growth even: the median pay award in both the
public and private sectors is 3 per cent in the 12 months to July 2004

–
Pay deals lower than a year ago: analysis of a matched sample of pay deals, for
which IRS has collected information on the latest and previous pay awards,
reveals that exactly half are worth less this time round. Around one-third paid
a higher settlement, while the remaining fifth received the same increase

–
Public sector pay: following the more subdued pay settlements awarded to the
large public sector groups covered by the pay review bodies, IRS expects
similar restraint in other key areas of the civil service as their pay
bargaining gets under way

–
National Minimum Wage (NMW): several employers contacted by IRS are undertaking
additional pay reviews this autumn to accommodate the rise in the NMW. It will
increase by 7.8 per cent, from £4.50 to £4.85 an hour on the adult rate, from 1 October 2004.

IRS
Pay and Benefits editor, Sheila Attwood, said: "It will be interesting to
see how private sector pay responds to the increase in headline inflation
expected in the second half of the year.

"For
public sector pay, the picture is quite different. The single largest pay deal
in the economy – covering 1.3 million local government employees – paid a
below-trend 2.75 per cent from 1 April 2004," she
added. "If the rest of the public sector follows their lead, pay
settlements here will be an enviable benchmark for private sector employers."

www.irsonline.co.uk

By Mike Berry

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

 

 

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).

previous post
Plymouth hospital trust launches staff assistance programme
next post
NHS recruitment is “running to a standstill”

You may also like

EHRC submits new code of practice to government

5 Sep 2025

Lloyds Banking Group to target underperformers for job...

5 Sep 2025

How to manage workplace investigations effectively

5 Sep 2025

Manager who called bosses ‘dickheads’ was unfairly dismissed

5 Sep 2025

Jaguar Land Rover staff sent home after cyber...

5 Sep 2025

Agency crackdown won’t cure NHS staffing crisis alone

5 Sep 2025

‘Terrible’ Employment Rights Bill returns to Commons

4 Sep 2025

Connect to Work scheme to benefit 15 areas...

4 Sep 2025

Sandie Peggie launches fresh legal action against NHS...

3 Sep 2025

How to stop flying blind with workforce planning

3 Sep 2025

  • Work smart – stay well: Avoid unnecessary pain with centred ergonomics SPONSORED | If you often notice...Read more
  • Elevate your L&D strategy at the World of Learning 2025 SPONSORED | This October...Read more
  • How to employ a global workforce from the UK (webinar) WEBINAR | With an unpredictable...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits Live
Employee Benefits
Forum for Expatriate Management
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Recruitment & retention
    • Wellbeing
    • Occupational Health
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise