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.
UK employers remain cautious over pay awards, with many uncertain of the outcome of any 2021 reviews, said XpertHR's Sheila Attwood Wednesday. Headline pay awards were unchanged at 1.0% in the 3 months to February, the latest XpertHR survey showed. Employers expect low pay awards and further pay freezes to continue, with a median pay award of 2.0% over the year expected.
Source: XpertHR
The survey found that 55.5% of employees expect a pay rise in 2021, while 7.7% anticipate no increase. Companies are taking a "wait and see" approach regarding the annual pay review with the pandemic still overshadowing their decision-making.
In February, the majority of pay awards were lower in a matched sample with 80% of settlements lower than a year ago for the same employee group, Attwood noted. Pay freezes remain common this February, making up one-third (34%) of settlements.
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.