Partner Article

Workers witness increase in pay

Workers are experiencing the biggest pay increases since December 2008, according to latest pay settlement data.

In the 3 months to the end of January 2012, the media pay rise was 2.5%, up from 2.3% during the same period a year ago.

This figure remains the same as the one from the previous rolling quarter, indicating that the upward trend in payment settlement figures first seen in December 2011 has been sustained.

Almost half of all pay awards were found to be at 3% or higher, and those in the manufacturing sector continue to outstrip those in the services sector, which were recorded at 3% and 2.5% respectively.

XpertHR Pay and Benefits editor Sheila Attwood said: “The new bargaining round has got off to an encouraging start with pay rises showing their highest levels for three years.

Pay awards are set against retail prices index inflation of 3.9% in January 2012, bringing the gap between pay and price rises to its lowest level since December 2009.

This was posted in Bdaily's Members' News section by Ruth Mitchell .