Editor's message: The pay and benefits offered by an employer will be one of the key factors employees consider when looking for work. In turn, an organisation's payroll is likely to be its biggest expense. It is therefore vitally important that employers plan their pay and benefits offer carefully.
For organisations needing to review and benchmark pay rates, XpertHR publishes a wide range of industry and occupational salary surveys, and provides easy access to inflation and other economic indicators.
XpertHR also collects and analyses pay settlement data, and our latest analysis focuses on the stability of pay awards at present. In addition, we regularly survey employers about their pay plans and forecasts to give subscribers an insight into what other employers are planning for the year ahead.
Sheila Attwood, managing editor, pay and HR practice
There has been a downturn in settlement levels in the chemicals, pharmaceuticals and oil industry over the past 12 months, with the median basic pay rise slipping back from 2.7% in 2018 to 2.5% over the 12 months to the end of August 2019.
We provide an overview of pay settlement levels over the past year in each of the key industries of the economy.
Above-trend nationally negotiated settlements combined with persistent skill shortages, notably of bricklayers and carpenters, have helped to keep the construction industry's pay deals above those elsewhere in the private sector.
In what has been depicted as a difficult year by union negotiators operating across the sector, pay rises in the electricity, gas and water sector stand in line with the private sector as a whole.
A gloomy pay picture emerges across parts of the engineering and metals sector though pockets of optimism remain.
Overall pay settlement levels in the general manufacturing sector have held up well over the past year, but underlying pressures are evident.
The median basic pay settlement across the information and communication sector comes in at 2.5% over the year to the end of August 2019, the same as the corresponding period in 2018.
XpertHR's analysis of wage reviews in this diverse sector finds that basic pay deals are worth a median of 2.5% over the year to the end of August 2019, unchanged on the position 12 months ago, although on a matched sample basis around 40% of monitored reviews culminated in a lower percentage increase than the same employees received in 2017/2018.
Pay awards in the not-for-profit sector saw a slight increase in value in the year to the end of August 2019. However, they still fall some way short of the whole economy median.
Our analysis of the past year's settlement activity finds that the median basic pay rise among professional and business services employers was 2.2%, below par when compared to many of the other sectors covered in XpertHR's latest round up.
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