Pay awards are firmly settled at a median 3%, with no change in the Brightmine headline measure for six rolling quarters. Above-average awards in the public sector keep the sector firmly ahead of the private sector.
The latest Brightmine analysis shows no change in the direction of pay awards in 2025. With April being the busiest month of the year for pay awards, the pattern of pay deals is becoming clear for 2025.
Pay settlement levels remain stable across the first quarter of the year, with more of the same predicted as we head into the most common month of the year for pay awards to take effect.
The Brightmine headline measure of pay awards remains stable in the three months to the end of February 2025, confirming the downward trend in pay settlement levels.
At the start of 2025, pay awards have dropped to their lowest level since 2021 - but will this decline continue? Our latest data offers insights into expected pay deals for the year ahead and the key factors shaping them, from affordability to national insurance changes and the national minimum wage.
January is a popular month for pay awards, providing insight into where settlements are likely to sit for the year ahead. Our latest data reveals a marked slowdown in pay growth.
With 2024 coming to an end, we explore pay awards implemented this year and assess how settlements have varied across different sectors of the economy.
As we approach the end of the year, pay settlement activities are drawing to a close. However, having remained stable over the last few months, all signs are now for a decline in awards when activity picks up in the new year.
With pay awards continuing to fall, alongside cooling inflation, we examine whether this trend will continue into 2025. Our latest survey explores anticipated pay awards for the next 12 months and the factors influencing these decisions.