IRS has now published its pay prospects survey for 2007/08 (subscription required) - a major survey of employer's pay intentions for the coming year.

Despite the fact that inflation is forecast to drop and economic growth to slow in 2008, employers are not predicting a lull in pay pressures next year. They expect to pay a median pay settlement of 3.5%, which is the highest that pay awards been so far in 2007. In fact, more than one in three pay awards (34%) are expected to pay a rise of 4% or more and 13.2% to pay as much as 5% or above.

You can find a summary of the survey findings at www.xperthr.co.uk (subscription required). Or alternatively, you can listen to my podcast on the website of our sister publication, Personnel Today or below.