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MNI DATA: UK Pay Awards Ease; Expect New Year Pickup: XpertHR
--UK September-November Pay Median Pay Deals 2.0% Vs 2.3% Aug-Oct
By Jamie Satchi
LONDON (MNI) - UK median pay deals stood at 2% in the three months to
December, unchanged from the November level, and unchanged on the level a year
ago, a survey by XpertHR found.
Year-end typically sees relatively few pay awards and the median figure was
just below a handful of higher pay awards, with the month's sample being
reported as smaller than normal.
The New Year tends to mark the start of a wave of pay settlements, and pay
award growth is indeed seen heading back above the 2.5% mark in January,
according to XpertHR.
Pay bargaining activity always slows down towards the end of the year, so
our latest figures are based on a smaller sample than normal," .
"The 2018 calendar year brought good news for employees as pay awards moved
up from 2% in 2017 to 2.5% over the year as a whole," said Sheila Attwood,
XpertHR pay and benefits editor
"Despite the uncertainty surrounding Brexit outcomes, the first pay awards
of 2019 are moving in a very positive direction, with the provisional 2.8%
median the highest figure we have recorded since December 2008," she added.
The XpertHR data softening in October and now November conflicts that
published by the Office for National Statistics.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$B$$$,M$E$$$]
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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.