Stability reigns at 3%
Our analysis of pay trends over the past two years finds an enduring stability in pay settlement levels. But will higher inflation push up the value of pay settlements as the new bargaining round begins?
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The median pay settlement remained at 3% throughout the bargaining year to September 2006. With the exception of a 3.1% median recorded in December 2004, the 3% median has held steady since April 2003. |
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