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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.
Sheila Attwood
Pay and benefits editor, XpertHR |
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