HR Hub

Pay data: three months to February 2023

Three pay research bodies have published pay data for the three months to the end of February 2023.

  • XpertHR recorded a median basic pay award of 6.0% across the whole economy for the three months to the end of February (lower quartile: 4.8%; upper quartile: 7.5%). Pay freezes accounted for just 2% of settlements. It also forecasts a median award in the 12 months to December 2023 of 5%.
  • According to the Labour Research Department, the median for the period ending February was 7.5% on lowest basic pay rates across all agreements and 6.0% standard increase for all other workers covered by the settlement.
  • Incomes Data Research shows the median whole economy pay award at 5% for the three months to February (interquartile range 3.5% to 6.3%).