Pay settlements/awards

Sheila AttwoodEditor's message: Most organisations will conduct a pay review each year, which may or may not result in a pay rise for employees. Data on what pay rises other organisations in the same or similar sector are awarding will help to inform employers of the "going rate" for pay settlements. Ahead of the busy January and April pay settlement dates, survey data on forecast pay awards for the months ahead are particularly useful.

Some employers vary the level of pay rise made dependent on a measure of employee performance.

At the time of the annual pay review, employers may also want to take into account the latest official data on inflation and earnings growth, as well as conduct a benchmarking exercise to compare their pay rates against those of other employers.

Sheila Attwood, managing editor, pay and HR practice

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