Pay settlements over the three months to the end of November 2009 have remained at the same level, 1.2%, as the previous rolling quarter, according to the latest provisional analysis by IRS (subscription required).
With pay awards in the three months to the end of September having been
revised upwards, to 1%, settlements seem to be making a recovery from
the pay freezes seen over the summer months. However, the spread of
awards remains unchanged, indicating that pay awards remain weak, and
the proportion of pay freezes has increased slightly in this rolling
quarter.
This is a quiet time in the pay calendar, and as the bargaining round gets into full swing in January the outlook for pay settlements remains uncertain. The Government's emphasis on pay restraint in the public sector looks to be matched by a limited ability, or willingness, of employers in the private sector to fund substantial wage increases.
This is a quiet time in the pay calendar, and as the bargaining round gets into full swing in January the outlook for pay settlements remains uncertain. The Government's emphasis on pay restraint in the public sector looks to be matched by a limited ability, or willingness, of employers in the private sector to fund substantial wage increases.
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