Pay awards plunge to historic low of 1.5%
Our first analysis to cover April 2009 settlements reveals that pay awards have dipped to the lowest level ever seen, with a record number of pay freezes.
On this page:
Recession and negative inflation hit pay awards
More April pay deals to come
Key findings from the IRS pay databank
Pay freezes and pay cuts
Table 1: Private sector pay awards, April 2008 to April 2009
Chart 1: Pay review pattern,
April 2008 to April 2009
Table 2: Whole-economy pay awards, April 2008 to April 2009
Table 3: State of play in key negotiations
Additional resources on XpertHR.
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