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Pay settlements at record low

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Source: IRS Employment Review

Issue: 924

Date: 26/06/2009

Publisher: IRS

Pay settlements at record low

TOPICS:

pay and benefits

pay levels and awards

SECTORS:
chemicals
engineering and metals
manufacturing (other)
retail and wholesale

AUTHOR: Sarah Welfare

Our latest monthly analysis of pay trends shows that pay awards are running at just 1.3% in May 2009 - the lowest headline pay award ever recorded by IRS.

On this page:
Pay cuts remain rare
Manufacturing sector suffers
Key findings from the IRS pay databank
Pay awards and the cost of living
Just completed a pay review? Take part in our research
Table 1: Private sector pay awards, May 2008 to May 2009
Chart 1: Pay review pattern, May 2008 to May 2009
Table 2: Whole-economy pay awards, May 2008 to May 2009
State of play in key negotiations
Additional resources on XpertHR.

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