The latest pay settlement statistics from IRS confirm the collapse in pay awards this year, with pay freezes continuing to increase in number. The median pay award is 1.3% for the three months to the end of June and the median for the three months to May has been revised down to just 1%. With headline inflation dipping to a new low of -1.6% in June and unemployment soaring, the prospects for pay awards will not be looking up any time soon.

We also take a look at:

• the findings of our benefits and allowances survey on childcare, pensions and staff discounts;
• research from the Association of Graduate Recruiters on the depressed pay prospects for new graduates; and
• a report from the Institute of Fiscal Studies on the effect of pension auto-enrolment on levels of saving.

Pay reports in this issue include First Hydro Company, two long-term pay deals at the Ministry of Defence and the printing industry.

Sarah Welfare
Editor,
Pay and Benefits Bulletin

Pay reports recently added to the site:

First Hydro Company: 3.6% basic rise

Ministry of Defence industrial staff: award worth 3.8% of paybill

Ministry of Defence non-industrial staff: pay award worth 3.83% of paybill

Printing industry: no national agreement for 2009/10

Pay review update: 24 July 2009

The latest pay review update table contains pay settlements at Hallmark Cards, IPC Media, Wessex Water, Chevron Europe and many more.

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Statistics and forecasts

The datafile contains the most recent inflation, earnings and labour market statistics, pay settlement data and inflation and earnings forecasts. Our panel of City and academic forecasters expects retail prices index (RPI) inflation to average -1.2% over 2009. Earnings growth is expected to average 1.6% over the year.

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From the blog

Launched and run by the editorial team that produces XpertHR and the IRS e-journals, the Employment Intelligence blog is regularly updated with news, comment and links to the latest employment developments. Recent posts include:

• Employees are earning more by selling annual leave
• Could public sector pay restraint in 2010 help "transform recession into depression"?
• Weak pay awards in 2009 could lead to higher inflation or to deflation in 2010

Today's tip: Be a part of the UK's largest pay monitoring service

The IRS pay databank is the most comprehensive source of pay settlement data in the UK, and is used to generate the IRS monthly figures on pay rises. You can help make even more of this valuable resource by adding your latest pay settlement to the database.

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