Merit pay, a key characteristic of finance industry reward, ensures a healthy uplift for many employees.
Wage settlements in the general manufacturing sector have remained broadly unchanged with the median pay award steady at 2%, replicating the situation a year ago.
We again find that pay awards in the information and communication sector over the 2015/16 bargaining year are holding steady and are in line with the wider economy.
Charity sector pay fails to grow for second year running.
Predictions that government legislation such as the "right to buy" and reduced housing rents would subsequently hit pay have come to bear, as housing associations deliver the highest proportion of pay freezes across UK sectors analysed by XpertHR.
For the fourth consecutive year, pay awards in the private sector are worth a median 2% in the year to the end of August. Few sectors differ from this figure.
Almost a quarter of pay settlements recorded by XpertHR are based on individual performance. Here we look in more detail at these pay awards and how organisations allocated pay increases over the 2015/2016 bargaining year.
The majority of pay awards are settled in the first half of the year, with budget planning concentrated in the autumn months.
Our analysis of pay settlement trends looks at how employers have rewarded employees over the past year.
The median pay award across the whole economy remains at 2% and there are no obvious signs of upward pressures that may push it beyond this level.
HR and legal information and guidance relating to pay awards/rises.