The national minimum wage has again provided a boost to the wages of the lowest paid in the retail sector.
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Retail pay
Retail pay 2012: settlements up in line with minimum wage
In spite of a poor trading climate, retail-sector pay settlements have risen once again, as the national minimum wage influences awards.

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Pay trends
Pay trends July 2012
Pay award levels remain subdued, but the squeeze on real incomes is easing as inflation falls, our latest analysis of pay settlement trends shows.

Inflation and earnings forecasts
Our forecasts page is updated every month and provides an up-to-date look at the likely bargaining conditions for pay setters over the coming months.

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Statistics and reference
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Editor's message
Editor's message
RETAIL-SECTOR PAY
The national minimum wage has again provided a boost to the wages of the lowest paid in the retail sector. According to our analysis of pay settlements in the sector over the past year, retail employees have enjoyed a median pay increase of 2.5%. This is the same level as the October 2011 minimum wage increase and marks the third year that pay awards in the sector have matched its increase. However, with the October 2012 minimum wage increase set at 1.8%, will we see a fall in pay settlement levels over the coming year?

Across the economy as a whole, pay settlements over the past three months were worth a median 2%. Our latest analysis examines the pattern of pay awards and looks at the narrowing of the gap between pay awards and inflation.

Email Sheila Attwood
Pay and benefits editor, XpertHR

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