Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • 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
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • 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
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

InflationLatest NewsPay & benefitsPay settlements

Pay deals still low despite high inflation

by Personnel Today 23 Jul 2010
by Personnel Today 23 Jul 2010

Pay awards in both the private and public sectors remain low despite high headline inflation, according to the latest research from IRS, published exclusively on XpertHR.

Analysis shows that pay awards were worth a median 1% in the three months to the end of July 2010 – four percentage points below the cost of living as measured by retail prices index (RPI) inflation, which was 5% in June.

Pay freezes were still common, making up almost four in 10 (38%) of the total sample of 226 wage deals. But the majority of these (58%) were in the public and not-for-profit sectors, a reversal of the position this time last year when most freezes were in private sector firms and just 6.5% covered public or not-for-profit sector employee groups.

Other key findings (based on 182 basic pay deals) reveal that:



  • the interquartile range (the 50% of deals between the lower and upper quartile) for the whole economy is unchanged at nil to 2%, where it has stood since the three months to January 2009;
  • there are some signs of recovery in the manufacturing sector, where basic deals were worth a median 2% in the three months to June 2010, compared with a median pay freeze for services (including public services);
  • both private and public sector deals were pitched at a median 1% over the 12-month period to June 2010.

Sarah Welfare, XpertHR’s pay and benefits editor, said: “For the public sector, it is clear that further pain is around the corner once the Government’s two-year pay freeze for all but the lowest-paid employees kicks in.

“But for private sector employees the outlook is less clear. So far this year, the uncertainty of the economic outlook and weak labour market seem to be counterbalancing high inflation as influences on private sector pay deals.”

Avatar
Personnel Today

previous post
HR news round-up: HR stories making the headlines 23 July 2010
next post
CIPD chief Jackie Orme forced to apologise after quango report blunder

You may also like

Historical holiday underpayments must be paid

4 Oct 2023

MAC recommends scrapping shortage occupation list

4 Oct 2023

Advanced British Standard: Teacher recruitment plans ‘pie in...

4 Oct 2023

Scientist wins £340,000 in age discrimination case

4 Oct 2023

Lucy Letby: Hospital faces corporate manslaughter probe

4 Oct 2023

Sham training of security officers exposed

3 Oct 2023

ICO publishes workplace monitoring guidance

3 Oct 2023

Consultants offer ‘olive branch’ on strikes

3 Oct 2023

Personnel Today Awards 2023 shortlist: Innovation in Recruitment...

3 Oct 2023

Top 10 HR questions September 2023: the role...

3 Oct 2023

  • Almost a fifth of UK workers feel undervalued – we need to solve this PROMOTED | A new report has found...Read more
  • Discover the value of CIPD accreditation PROMOTED | See how the CIPD can increase your earning potential...Read more
  • What does it mean to be an HR professional in 2024? (survey) PROMOTED | The world of HR is changing rapidly...Read more
  • The Contractor Management Mastery Pack: Everything you need to manage and pay global contractors PROMOTED | Answers to cross-border...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
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2023

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2023 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • 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
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+