A survey carried out by XpertHR has collected details of 369 pay awards that are effective in the three months to the end of May 2015. (Covering approx. 2.3 million employees, they include 279 basic pay awards and 90 that are based on a measure of performance.
Key findings are:.
- Headline pay award unchanged. No change in the headline pay award, which stands at 2% in the three months to the end of May 2015.
- Stability recorded in level of pay awards. 2% has been the median pay award since of April 2014. (This marks the longest period of stability in pay setting recorded by XpertHR since the end of 2006.)
- Few deals are higher than last year. A comparison of a matched sample of pay awards reveals that
- 24% were higher,
- 35% at the same level,
- 41% were lower than the award to the same group of employees a year ago.
- Manufacturing and services deals in line.Pay awards in both the manufacturing and the services sector are comparable at 2% in the three months to the end of May.
Table 1: Median basic pay awards by sector for 2015
|Sector (sample size)||Median basic pay award, %|
|MANUFACTURING AND PRODUCTION|
|Chemicals, pharmaceuticals and oil (33)||2.0|
|Electricity, gas and water (32)||2.1|
|Engineering and metals (56)||2.0|
|Food, drink and tobacco (9)||2.4|
|General manufacturing (69)||2.0|
|Paper and printing (10)||2.0|
|Facilities, security and support services (12)||2.0|
|Hotels, catering and leisure (52)||2.0|
|Information and communication (48)||2.1|
|Professional and business services (49)||2.0|
|Retail and wholesale (23)||2.0|
|Transport and storage (15)||2.0|
|All public sector (50)||1.6|