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Pay awards stay firmly below inflation, at 3.3%

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Source: IRS Employment Review

Issue: 899

Date: 27/06/2008

Publisher: IRS

Pay awards stay firmly below inflation, at 3.3%

TOPICS:

recruitment	labour market and economy
pay and benefits	pay levels and awards pay-related incentives/awards

AUTHOR: Michael Carty

The median pay award climbed back to 3.3% in the three months to 31 May 2008, but remains below retail prices index inflation according to the latest monthly analysis of pay trends from IRS.

On this page:
Headline award climbs back to 3.3%
Lower trend in April 2008 bargaining round confirmed
Public/private sector split remains static
Key findings from the IRS pay databank
Two-year anniversary for below-inflation pay awards
CBI and OECD weigh in on pay and inflation
The new pay bargaining environment: do employers have the upper hand?
Just completed a pay review? Take part in our research
Table 1: Private sector pay awards, May 2007 to May 2008
Chart 1: Pay review pattern, May 2007 to May 2008
Table 2: Whole-economy pay awards, May 2007 to May 2008
Table 3: State of play in key negotiations
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