Analysis Pay awards drop further behind inflation
The median pay award has risen to 3.5% in the three months to the end of July, but the gap between pay settlements and retail prices index inflation has widened to 1.5 percentage points, according to the latest analysis of pay settlements from IRS.
Public sector pay review bodies (3): senior salaries
We look at: the recommendations of the Review Body on Senior Salaries; parliamentary pay; and the Armed Forces' Pay Review Body supplementary report on the defence medical services.
News Survey highlights legal sector pay inequality
The gender pay gap in the legal sector is 32%, according to a report from the Law Society.
Salaries in electronics industry remain flat
The median basic salary across all ranks of electronics industry employees has barely changed from the median recorded a year ago, according to the latest annual survey from Croner Reward.
Most EU employers think that pay should reflect ethical behaviour
More than two-thirds of European employers would like to see some of their employees' salary or bonus linked to "ethical behaviour", according to research from international risk management consultancy Integrity Interactive Europe.
Graduate salaries rise by only 1.8% in 2008
Research from the Association of Graduate Recruiters finds that the median graduate starting salary in the year to June 2008 is just 1.8% higher than the median rate recorded one year previously, representing the lowest rate of growth since the survey began in 2000.
Poor pensions knowledge abounds
A large proportion of the workforce still does not have a basic knowledge of pensions, according to a survey undertaken on behalf of the National Association of Pension Funds.
Easing the pressure: non-financial rewards
Pay deals are proving difficult to settle and budgets have been slashed, but there are still ways to reward your staff despite the credit crunch, says Personnel Today.
Pay reports Metropolitan Police: 2.5% pay increase
Scottish and Northern Irish plumbing industry: 4.6% rise in minimum hourly rates
Pay review update: 29 August 2008
The latest pay review update table contains pay settlements at the Department for Work and Pensions, Jarvis Rail, npower, the Royal Shakespeare Company, Scope, and many more.
Statistics and forecasts
The datafile contains the most recent inflation, earnings and labour market statistics, pay settlement data and inflation and earnings forecasts collected by IRS. Our panel of City and academic forecasters expects headline inflation to peak at 4.7% in the third quarter of the year, but fall to 3.4% by the second quarter of 2009. Average earnings growth is expected to remain stable, averaging 4% in 2008 and 3.9% in 2009.
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