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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 DATA BRIEF: UK Pay Awards Remain Subdued In March
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.
To read the full story
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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.