Editor's message: Most organisations will conduct a pay review each year, which may or may not result in a pay rise for employees.
At the time of your organisation's annual pay review, data on the pay rises that other organisations in the same and similar sectors are awarding can be invaluable - indicating the "going rate" for pay settlements - and you are also likely to want to take the latest official data on inflation and earnings growth into account. Ahead of the busy January and April pay settlement dates, information on the pay awards that employers are forecasting for the months ahead is likely to be particularly useful.
Some employers vary the level of pay rise they make dependent on a measure of employee performance. In addition to being a mechanism to reward high-performing employees, this can help create a high-performing culture within your organisation.
Sheila Attwood, managing editor, pay and HR practice
XpertHR's headline measure of pay awards has dipped slightly this month as we move into the quiet part of the pay bargaining year.
Updated to include the XpertHR pay settlement data for the three months to the end of October 2018. XpertHR will publish the next pay figures on 20 December 2018.
We discuss what pay rises employees can expect in 2019, as well as the factors that employers are using to determine the value of these increases.
2018 saw the longest sustained increase in pay awards since 2008, with higher awards particularly noticeable in the manufacturing-and-production and public sectors. We now look ahead to 2019 to assess whether or not the current pay award levels will be maintained.
The latest analysis from XpertHR finds that pay awards in the three months to the end of August 2018 have bounced back from the dip recorded in the previous quarter and returned to the 2.5% level seen in each rolling quarter since the turn of the year.
Public sector workers could have wage increases based on their performance or where in the country they work, the chancellor has hinted.
Wage growth in the UK is at its highest in almost 10 years, according to the Office for National Statistics.
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.
HR and legal information and guidance relating to pay awards/rises.