Pay awards return to 3.5%
The median pay award has returned to the 3.5% level recorded during the first quarter of 2007, as private sector pay deals remain strong.
On this page:
Headline pay award
returns to 3.5%
Private sector deals consistently
high
Key findings from the
IRS pay databank
Focus on merit awards
Interest rates held at
5.75%
Inflation report
Table 1: Private sector
pay awards, July 2006 to July 2007
Chart 1: Pay review
pattern, July 2006 to July 2007
Table 2: Whole-economy
pay awards, July 2006 to July 2007
Box 1: State of play
in key negotiations
Headline pay award returns to 3.5%
The IRS headline measure of pay awards - the midpoint in the range of increases - has risen to 3.5% in the three months to July 2007, according to provisional analysis of the latest pay deals.
