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Thaw in private sector pay rises

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by Gill Montia
Thaw in private sector pay rises

UK pay settlement levels are stable, according to the latest analysis from employment research specialist, Incomes Data Services (IDS).

The average settlement for the three months to the end of July stood at 2.5%, having remained constant since January, and with pay settlements in manufacturing continuing to lead the way, typically at 2.9%.

In addition, no pay freezes were recorded at private sector organisations (compared with 6% of reviews frozen in the three months to June) but in the public and not-for-profit sector all three pay awards featured in the latest review involved freezes for most staff.

IDS Pay Report editor, Ken Mulkearn, comments: “Pay freezes look to have thawed across most larger employers in the private sector, and the overall picture on the level of awards is fairly stable, with manufacturing and the utilities ahead of services.”

He adds: “Meanwhile in the public sector, basic pay remains frozen for most staff.”

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News posted: August 26, 2011

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