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UK DATA: Brightmine: Expect 2025 Pay Awards To Soften To 3%

UK DATA
Data BulletCEEMEABulletUKGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Brightmine (formerly XpertHR) data shows the median pay award is forecast to soften further in the next 12 months to 3%. This data will be welcomed by the MPC.
  • The release states that the three factors most likely to negatively influence pay award decisions in the next 12 months are affordability, organisation performance and inflation; skills shortages and matching pay levels are factors most likely to increase pay awards.
  • Brightmine median basic pay awards in the 3 months to the end of September remained at 4.0% for the third consecutive reading.
  • Whilst median pay remained stable and the lowest year-to-date, the lower quartile increased marginally to 3.3% from 3.2% in the 3 months ending August.
  • The data is based on 64 pay settlements that came into effect between 1 July and 30 September 2024 covering 433,000 employees.

 

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  • Brightmine (formerly XpertHR) data shows the median pay award is forecast to soften further in the next 12 months to 3%. This data will be welcomed by the MPC.
  • The release states that the three factors most likely to negatively influence pay award decisions in the next 12 months are affordability, organisation performance and inflation; skills shortages and matching pay levels are factors most likely to increase pay awards.
  • Brightmine median basic pay awards in the 3 months to the end of September remained at 4.0% for the third consecutive reading.
  • Whilst median pay remained stable and the lowest year-to-date, the lower quartile increased marginally to 3.3% from 3.2% in the 3 months ending August.
  • The data is based on 64 pay settlements that came into effect between 1 July and 30 September 2024 covering 433,000 employees.