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Pay data: three months to October 2019
Various research organisations have published pay data for the three months to October 2019 along with predictions for the coming year.
- XpertHR shows the median basic pay award across the whole economy in the three months to October 2019 at 2.8% (albeit based on relatively few pay reviews and at a quiet time of year for settlements generally) with the interquartile range being 2% (the lower quartile) and 3.4% (the upper quartile).
- Data from the Labour Research Department’s Payline shows the median at 2.7%.
- Incomes Data Research shows the median pay award rising to 2.8%.
- According to the autumn 2019 Labour Market Outlook from the CIPD, overall median basic pay award expectations for the next 12 months remain at 2%. The gap between public and private sector employer intentions on pay has narrowed. The public sector continues an upward trend on pay award expectations, rising from 1.5% last quarter to 2% this quarter while private sector pay award expectations moved down from 2.5% to 2.2%. While private sector pay award expectations have fallen, the proportion of private sector employers set to raise salaries in response to retention difficulties has increased from 65% to 70%.