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MNI DATA BRIEF: UK Pay Awards At Highest Since Nov 2020

LONDON (MNI)

UK median pay awards rose to the highest level since November 2020 in the three months to April, according to the latest survey from XpertHR. This is giving cause for optimism, with "a noticeable upturn in the data ... first clear sign for a year that pay settlement levels are on the up," XpertHR's Sheila Attwood said Thursday.

Pay awards rose to 1.9% in the three months to April, up from 1.0% recorded for past four rolling quarters. The report noted April is the most common month for annual reviews and almost 50% of deals recorded by XpertHR are registered in this period. Annual public sector pay awards remained higher than private sector deals, at 2.5% and 1.0%, respectively.

However, pay freezes still are still present with almost one in five (19.3%) settlements resulting in no salary increase, Attwood added.

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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