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Annual review of pay trends 2007: Inflation boost keeps pay deals high

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Source: IRS Employment Review

Issue: 882

Date: 19/10/2007

Publisher: IRS

Annual review of pay trends 2007: Inflation boost keeps pay deals high

TOPICS:

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

SECTORS:
manufacturing (other)
public services
services (other)

AUTHOR: Michael Carty

Our review of pay trends over the past two years illustrates how pay awards have broken from the 3% benchmark of recent years, remaining above this level throughout 2007 so far.

On this page:
Pay awards break from 3% benchmark
Our research
Pay awards and inflation
Chart 1: The link between pay and inflation, September 2005 to September 2007
Pay patterns
Chart 2: IRS settlement analysis, September 2005 to September 2007
Table 1: Whole economy (percentage increase in basic pay), September 2005 to August 2006
Table 2: Whole economy (percentage increase in basic pay), September 2006 to September 2007
Sectoral trends
Higher pay deals in 2007
Chart 3: The 2005/06 and 2006/07 bargaining rounds compared
The IRS pay databank - key findings.

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