PAYnotes on pay settlements June 2016
Latest market trends from PAYaward pay settlements database, for pay reviews actioned to date in 2016:
- Median pay settlements, across all industries has dropped slightly from 2.30 per cent to 2.25 per cent;
- Median pay awards are highest in the Construction and the Civil Engineering and Building sectors; closely followed by the Hotels, Restaurants and Catering, and the IT and Telecommunications sectors.
- Two companies have reported a pay freeze.
Designed to make up-to-date pay award data available as and when you need it, PAYaward is ideal for informing your 2016 pay review. The comprehensive database currently holds data for more than 200 companies and can be filtered to suit your needs, by industry sector, size of employer, agreement date, region and level of award.
If you would like to gain access to the demo version of PAYaward, please call +44(0)1733 391377.