Finance: merit pay outstrips basic rises
Author: Monica Bloomfield
The median paybill increase in the finance sector matches the UK as a whole, but there are more pay freezes than last year and basic deals dropped down to 1.1%.
Key points
- The median finance-sector paybill increase for performance-related pay awards over the 12 months to 31 August 2012 is 2.5%, down from 2.6% in 2010/11 and below the whole-economy figure.
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