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Pay data: three months to November 2020
Various research organisations have published pay data for the three months to November 2020.
- The median pay award across the economy stands at 2.0% for the three months to November, according to the latest monitoring by Incomes Data Research (lower quartile: 1.0%; upper quartile: 2.8%). Separate research from IDR also shows that the proportion of pay freezes this year (16%) is over five times higher than in 2019.
- Data from the Labour Research Department shows the median three-month increase at 2.5%.
- XpertHR recorded a median basic pay award of 2% across the whole economy for the three months to November (lower quartile: 0%; upper quartile: 2.5%). Pay freezes made up over a quarter of settlements.
While COVID-19 has had a significant dampening effect on wage rates this year, research has claimed that the private sector will see cautiously optimistic pay rises in 2021.