Pay review budgets remain consistent
Expectations for future pay review budgets have been relatively consistent over several years. Whilst there have been occasional signs that pay and reward was set to increase, this has yet to happen. In 2016 our surveys, combined with observations from other commentators, suggested that pay review budgets were if anything getting smaller. The median predicted level of pay reviews decreased in 2016 by 0.5 per cent to 2.0 per cent and has remained at this level so far in 2017, as our autumn survey predicted. The interquartile range is widening slightly but not enough to draw any significant conclusions from this. For historical data, sign up
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Wider HR budgets reflect the fact that HR teams are being asked to deliver the same services to the business with increasingly tightened budgets. Less than 20 per cent expected a budget increase for the day-to-day HR activity costs.