Updated to include the outlook on the financial services industry from the CBI Quarterly Industrial Trends Survey, September 2016.
in 2014, we noted that the construction industry was showing signs of skills shortages in the wake of a pick-up in building activity. This may have contributed to rising pay levels over the past 12 months, with the median increase now running higher than in 2013/14.
After years of outpacing the overall UK economy, pay settlements in engineering and metals are now at the same level as the private-sector median.
In general terms the story of pay setting in the information and communication sector over the 2014/15 bargaining year has been one of stability. The median wage award was exactly the same level as this time last year, and also in line with private-sector wage awards across the piece.
In common with other industries, the pace of wage setting in the professional and business services sector has been relatively subdued over the past 12 months.
The dramatic fall in the price of crude oil has seemingly had an impact on the overall level of pay awards in the chemicals, pharmaceuticals and oil sector, with the median review taking a backward step over the 2014/15 bargaining year.
Retail and wholesale pay settlements remain at 2%, with employees at the bottom of the pay range set to receive a higher increase due to the October 2014 minimum wage increase.
Wage bargaining in the transport and storage sector has delivered the strongest pay growth among the key UK industries examined by XpertHR over the past year.
Our annual survey of HR roles and responsibilities - now in its 11th year - finds the profession returning to business as usual following a few turbulent years. We report on the key priorities for HR practitioners and compare these by sector.
HR and legal information and guidance relating to general business conditions.