XpertHR's latest analysis of pay settlement trends takes in April pay reviews, the most common month in the year for this activity. The data reveals no let-up in pay pressures, with the median standing firm on the level recorded in the first quarter of the year.
XpertHR's headline measure of basic pay awards remains unchanged in the three months to the end of March 2023, with April settlements likely to follow suit.
In early 2023 pay awards reached a 32-year high on the back of a tight labour market and cost-of-living crisis. Our latest survey looks are how organisations are planning to compensate their workforce this year.
XpertHR's headline measure of basic pay awards has risen to 6% over the three months to the end of January 2023, one percentage point higher than in the previous rolling quarter, reaching a 32-year high.