2017 ENDS WITH PAY AWARDS AT TWO PERCENT

Based on a sample of 42 basic pay awards effective between 1 September and 30 November 2017, XpertHR find that: The median pay award across the whole economy is 2 percent, with the middle half of pay awards (the interquartile range) worth between 1 percent and 2.5 percent. While only a tenth (11.8 percent) of pay awards were lower than the award received by the same group of employees last year, the majority (61.8 percent) were the same. One-quarter (26.5 percent) of awards were higher than the employee’s previous increase.

Within the private sector, the 2 percent figure is recorded for pay awards in both manufacturing-and-production organisations and in private-sector services firms. Over the 12 months to the end of November 2017, the median pay award in the private sector is 2 percent, compared with 1 percent in the public sector” written by Sheila Attwood, pay and benefits editor – XpertHR. Appeared on the hrdirector.com