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MNI DATA BRIEF: UK Pay Awards Remain Subdued In March

(MNI) LONDON
LONDON (MNI)

Pay freezes are still dominant among UK employers, although in cases where a pay increase was granted, the most common figure was 2.0%, the latest XpertHR survey showed. The headline pay awards were unchanged at 1.0% for a fourth straight reading in the 3 months to March.

Nevertheless, early results for April provide hopes for an upward movement in the headline figure, "as the median for this month alone currently stands at 2%", XpertHR's Sheila Attwood said. "However, pay freezes remain commonplace, and the majority of deals are lower than the same employees received last April," she added.

The report showed that pay awards differ between sectors and depend on the impact of the pandemic. Median pay awards picked up in the manufacturing sector to 1.0% in the first quarter of 2021, as did pay awards in the services sector. Pay freezes remain commonplace for retailers who had to close their businesses as well as in the transport sector and tourism-related companies.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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