Pay Intelligence March 2008: Pay awards continue to lag behind inflation

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About IRS pay analysis

On this page: Pay Intelligence is a regularly updated online resource. It brings together links to the latest pay settlement analysis and economic indicators from across the IRS and XpertHR portfolio, providing everything you need to keep track of pay trends.

Summary of key pay data:

IRS headline measure of pay settlements: 3.5% in the three months to 29 February 2008.

Release date: 20 March 2008.

Next release date: 25 April 2008.

Summary: The median pay award has held firm at 3.5% over the three months to 29 February 2008, but pay settlements remain firmly parked below headline inflation, according to the latest IRS analysis.

Once a month, the latest trends analysis from IRS appears here, alongside links to the latest inflation and earnings data. Twice a month, we update the economic forecasts, colleed by IRS, and the pay review update table containing summaries of the latest pay settlements.

-          The latest inflation and earnings statistics

-          Pay settlement statistics from IRS and other pay commentators

-          Inflation and earnings forecasts from IRS and the Treasury

Also

Pay Intelligence archive Access previous editions of IRS Pay Intelligence.

Pay review update archive Run this saved search to access the complete archive of IRS pay review update articles on XpertHR, presenting summaries of some of the pay settlements from the IRS pay databank.

Datafile archive Run this saved search to access the complete archive of IRS datafile articles on XpertHR, presenting summaries of pay settlement statistics from IRS and other pay commentators, plus inflation and earnings forecasts collected by IRS.

Economic indicators XpertHR allows you to browse all the latest economic and labour market statistics, such as inflation, earnings, unemployment and working hours.

Official figures Pay specialists at IRS and XpertHR present their in-depth analysis of the 2007 Annual Survey of Hours and Earnings from the Office for National Statistics, which provides the most comprehensive and precise available snapshot of UK earnings data.