Source: IRS Employment Review Date: 21-10-2011 Publisher: IRS

Private sector pay prospects 2012: forecast pay award nudges up to 2.5%

TOPICS:
recruitment labour market and economy
pay and benefits pay levels and awards

SECTORS:
chemicals
construction
electricity, gas and water
engineering and metals
finance
food, drink and tobacco
manufacturing (other)
paper and printing
retail and wholesale
services (other)
transport and communication

AUTHOR: Janet Egan


The current picture of a gently rising median level of pay rise in the private sector looks set to continue into the new pay bargaining year.

On this page:
Economic background
Pay prospects survey
Pay prospects for 2011/12
      Comparison of forecast increases with 2010/11 awards
      Comparing predicted increases
Chart 1: Private sector pay settlement expectations for 2011/12, compared with 2010/11
Median pay forecast rises to 2.5%
Pay forecasts by sector
Variations between sub-sectors
Chart 2: Expected pay awards in the 2011/12 pay round
Influences on pay settlements
      Business and economic factors
      Comparability factors
      Labour market factors
Key upward pressures
Key downward pressures
Balance of pay pressures
Chart 3: Key negotiating pressures for 2011/12
Influence of inflation
Reward strategies and systems
Our research
Table 1: Forecast pay rises by sector
Table 2: Predicted influences on the 2011/12 pay round by broad industrial sector
Table 3: Predicted key upward and downward pressures on the 2011/12 pay round
Table 4: Reward arrangements currently in place
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