–UK Q3 Median Pay Deal 2.4% Vs 2.5% Jun-Aug
–UK Q3 Private Sector Pay Deal 2.6%; Public Sector Zero
LONDON (MNI) – The median UK pay deal dipped in the third quarter
and the subdued wage growth is likely to carry on through next year,
according to pay specialists ids.co.uk.
The latest IDS survey shows the median pay deal fell to 2.4% in Q3
from 2.5% in June to August, with vehicle manufacturing and utilities
seeing some of the largest increases and with the public sector median
stuck at zero due to the pay freeze.
An earlier IDS survey of employers showed around half expected to
pay the same award next year as this and one in ten expected to pay
lower and the remainder higher – although the increases may not be
large.
“What it all means is probably the same outcome (for median pay
deals) as this year,” Ken Mulkearn, editor of IDS Pay Report, said.
In manufacturing and production, which has tended to outperform
much of the service sector during the economic recovery, the median Q3
pay deal came in at 3%. In private services, the median pay deal was
2.4%.
A recent employers’ survey from XpertHR, another pay and benefits
specialist outfit, found the median private sector pay deal is expected
to rise to 2.5% in the September 2011 to end August 2012 period, up from
2.3% in January through August this year.
The IDS Q3 survey was based on 57 settlements covering 1,797,319
employees.
–London newsroom: 0044-7862-7491 email: drobinson@marketnews.com
[TOPICS: M$B$$$,MABDS$]
