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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: UK Pay Awards Unchanged in November
UK headline pay awards were muted in the three months to November, coming in unchanged on the previous month's 2.0%, data published by XpertHR Thursday showed. The survey revealed that more than a quarter of pay settlements in the rolling three-month period resulted in no increase for employees.
Among the total sample of pay awards, 26.3% are pay freezes, the report stated, with 50.0% of pay settlements lower than in the same group of employees a year ago and 32.5% at the same level. Annual private sector pay awards registered at 2.0% in November, while public sector pay awards recorded 2.5%. While there were no pay freezes seen in the public sector, 36.1% of settlements in the private sector were.
"Many organisations are continuing to struggle with giving even a small pay rise to staff, with the proportion of pay freezes sitting well above trend levels. Given the ongoing COVID-19 situation and Brexit uncertainty, we expect a subdued start to pay bargaining in the new year too," XpertHR's Sheila Attwood said.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.