HR Hub

Various research bodies have published pay data for the three months to the end of July 2023.

• XpertHR recorded a median basic pay award of 5.7% across the whole economy for the three months to the end of July (lower quartile: 4%, upper quartile: 8%), based on 54 pay awards covering over 500,000 employees. The median basic pay award in the public sector in the year to the end of July 2023 rose to 5%, up from 3.2% in 2022. In the private sector, the median basic award was 6%.
• Incomes Data Research shows the median pay award at 5.0% for the three months to July (interquartile range 4.5% to 7.0%).
• The Labour Research Department shows the median for the period ending July at 8.0%.
• The CIPD’s Summer 2023 Labour Market Outlook reveals that for employers looking to increase, decrease or freeze pay in the next 12 months, the median expected basic pay increase is 5%. Expected pay awards in the private sector remain at 5%. The figure for the public sector has risen to 4.0% (the highest public sector expected pay increase in the LMO time series).