Pay data: three months to October 2021
Various research organisations have published pay data for the three months to the end of October 2021.
- The median pay award across the whole economy rose to 2.2% for the three months to October 2021, according to the latest analysis by Incomes Data Research (interquartile range: 1.8%-3.5%).
- Data from the Labour Research Department shows the median standard increase for the three months to October 2021 was 3.0%.
- XpertHR recorded a median basic pay award of 2.0% across the whole economy for the three months to the end of October 2021 (lower quartile: 1.6%; upper quartile: 3.0%). Pay freezes are becoming a rarity, with fewer than one in 10 pay reviews resulting in a wage standstill Looking ahead, XpertHR says that private sector employers are predicting pay awards to rise to 2.5% in the 12 months to the end of August 2022.
- The CIPD, in its Autumn 2021 Labour Market Outlook, says that over the next 12 months pay settlement expectations in the private sector have risen from 2.2% to 2.5%. Overall, employers say that the median basic pay increase in their organisation (excluding bonuses) in the 12 months to September 2022 will be 2%