Editor's message: Pay is the main building block of employee reward packages, and organisations will need to take the time to set salaries at the right level for their business. Guidance on appropriate salaries for job roles is likely to come from salary surveys, which provide information on market pay rates for similar roles and organisations.
The majority of organisations conduct a pay review each year, whether or not it results in a pay increase for employees. Organisations can ensure that they are keeping up with the market by reviewing the value of annual pay awards in other organisations, using pay settlement analyses.
When reviewing pay levels, you should bear in mind the level of the national minimum wage, which increases in April each year. Employers may also wish to conduct an equal pay review to ensure that their pay structures and rates comply with equal pay legislation.
Sheila Attwood, managing editor, pay and HR practice
Updated to reflect that the Supreme Court heard the appeal in Williams v Trustees of Swansea University Pension and Assurance Scheme and another on 16 October 2018.
Pay talks between Nissan UK and its employees on Wearside have been delayed because of Brexit fears.
Wage growth in the UK is at its highest in almost 10 years, according to the Office for National Statistics.
Almost three-quarters (73%) of workers see their income fluctuate from month to month, with lower earners at more risk of pay volatility.
Finance awards for the 2017/2018 pay round are slightly ahead of the rest of the private sector at 2.7%.
Our analysis of pay awards in the chemicals, pharmaceuticals and oil sector over the past year finds them among some of the highest across the economy.
Pay settlements in the construction sector have remained stable over the past year, although some of the industry-wide deals have resulted in more generous awards.
Wage rises in the hotels, catering and leisure sector have kept up with those across the economy as a whole, with many employees gaining from increases to the national minimum wage rates.
Pay awards in the information and communication sector have risen over the past year, with pay awards based on performance giving rise to particularly healthy increases.
HR and legal information and guidance relating to pay levels and awards.