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
We round up the final pay settlements of 2019 and set the scene for 2020 with a preview of the new year.
XpertHR is conducting a pay forecasting survey to gauge private-sector employers' pay intentions over the coming year, and would like to invite you to take part.
Updated to include the XpertHR pay settlement data for the three months to the end of December 2019. XpertHR will publish the next pay figures on 20 February 2020.
This table summarises the latest pay settlements monitored by XpertHR.
The median whole-economy pay award in the three months to the end of November 2019 stands above the level seen for most of 2019.
The table summarises the latest pay settlements monitored by XpertHR.
As we approach the end of the year XpertHR's headline measure of pay awards has increased slightly in the latest three-month period.
Pay award levels have moved up from the post-recession doldrums, but now seem to be stuck at a modest 2.5%. We look ahead to 2020 to assess the likelihood of a further increase in award levels.
In the three months to the end of September 2019 pay awards continue to hold steady despite the current economic and political climate.
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.
HR and legal information and guidance relating to pay awards/rises.