Pay Intelligence August 2008: Pay awards drop further behind inflation

Commentary | Datafile | IRS pay databank
Latest pay reports | Pay review update | Bargaining statistics  
About IRS pay analysis

On this page: Pay Intelligence is a regularly updated online resource, bringing together links to the latest pay settlement analysis and economic indicators from across the IRS and HR & Compliance Centre portfolio, providing everything you need to keep track of pay trends.

Summary of key pay data:

IRS headline measure of pay settlements: 3.5% in the three months to 31 July 2008

Release date: 29 August 2008

Next release date: 26 September 2008

Summary: The median basic pay award rose to 3.5% for the three months to 31 July 2008, up from the revised figure of 3.3% in June. However, with headline inflation also rising - to 5% - pay awards are still failing to match the increase in prices.

Once a month, the latest pay trends analysis from IRS is published, alongside links to the latest inflation and earnings data. Twice a month, we update both the economic forecasts collected by IRS and the pay review update table containing summaries of the latest pay settlements.

• Commentary: Pay awards drop further behind inflation (29 August 2008) View the latest monthly analysis of pay trends from IRS, including a summary of the state of play in key negotiations.
• Datafile: 12 September 2008 The twice-monthly datafile contains:
        -     The latest inflation and earnings statistics
        -     Pay settlement statistics from IRS and other pay commentators
        -     Inflation and earnings forecasts from IRS and the Treasury  
• IRS pay databank: 29 August 2008 The full statistical breakdown of findings from the IRS pay databank, covering basic pay settlements collected by IRS in the year to 31 July 2008. IRS collects the details of around 1,400 pay settlements every year.
• Pay review update: 12 September 2008 Summaries of some of the most recent settlements to be added to the IRS pay databank, allowing you to keep track of the most recent pay awards in your sector. (See also Latest on pay awards, wages and salary levels for detailed reports on key pay settlements.)
• Bargaining statistics: 29 August 2008 A summary of bargaining statistics, including the official figures on inflation, earnings and the labour market, as well as settlement statistics from the main pay analysts.
• About IRS pay analysis Read about how IRS collects, records and analyses pay data.

Also

Pay Intelligence archive Access previous editions of IRS Pay Intelligence.

Pay review update archive Run this saved search to access the complete archive of IRS pay review update articles on HR & Compliance Centre, presenting summaries of some of the pay settlements from the IRS pay databank.

Datafile archive Run this saved search to access the complete archive of IRS datafile articles on HR & Compliance Centre, presenting summaries of pay settlement statistics from IRS and other pay commentators, plus inflation and earnings forecasts collected by IRS.

Economic indicators HR & Compliance Centre allows you to browse all the latest economic and labour market statistics, such as inflation, earnings, unemployment and working hours.

Official figures Pay specialists at IRS and HR & Compliance Centre present their in-depth analysis of the 2006 Annual Survey of Hours and Earnings (ASHE) from the Office for National Statistics, which provides the most comprehensive and precise available snapshot of UK earnings data.