Pay awards end 2007 at 15-year high of 3.7%
The median pay award rose to a 15-year high of 3.7% in the three months to 31 December 2007, according to our latest round-up of pay deals.
On this page:
Headline award rises to 3.7%
Key findings from the IRS pay databank
Higher trend in pay awards confirmed
Preview of January settlements
Inflation falls back
Additional resources on XpertHR
Just completed a pay review? Take part in our research
Table 1: Private sector pay awards, December 2006 to December 2007
Table 2: Whole-economy pay awards, December 2006 to December 2007
Chart 1: Pay review pattern, December 2006 to December 2007
Box 1: State of play in key negotiations
Key points
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