LONDON (MNI) – UK pay deals have flatlined at 2.0% since the
spring, while bonus payments in relation to salary are expected to
decline a little next year, according to XpertHR.
The XpertHR survey shows pay growth remaining subdued, and
bang-in-line with the Bank of England’s inflation target and suggests
the gap will be narrow in 2012 between the official figures for total
earnings and regular pay.
The median basic pay award held steady at 2% in the three months
through November, unchanged for the eighth consecutive rolling quarter.
XpertHR’s survey of bonus payments showed employers expected them to
decline from a median 6% of salary this year to just 5% next year.
With the median full time salary around stg26,000 that suggests
median bonuses will be around stg1,500 next year.
The XpertHR data tie in with the latest official figures which
showed earnings growth in October remained subdued and there was only a
small, and diminished, gap between total and regular pay.
Headline Average Weekly Earnings fell to 2% in October from 2.3% in
September. Excluding bonuses, headline growth in regular pay rose to
1.8% from 1.7%, a little above the 1.7% median forecast.
–London newsroom: 0044-7862-7491 email: drobinson@marketnews.com
[TOPICS: M$B$$$,MABDS$]
