Annual review of pay trends 2012: performance-based pay increases worth 2.9%
Author: Rachel Sharp
The median budget increase for pay awards based entirely on individual performance stands at 2.9% in the year to the end of August 2012, unchanged on the figure for the previous year.
Key points
- Pay awards based entirely on merit make up a quarter (24.2%) of the settlements recorded by XpertHR in the 12 months to 31 August 2012.