This comprehensive sector specific management report is designed to provide HR and relevant stakeholders with independent, relevant and expert market practice to inform internal pay budget discussions.
What is the Pay Market Trends Report?
A bespoke 2023-24 pay market trends report for your specific sector that collates all relevant market intelligence from the following key sources:
Government (ONS) statistics
Inflation and average earnings trends, historic and predicted
Paydata's pay settlement database
Historic and predicted pay budget trends both within the sector and across the whole of the UK
Paydata’s comprehensive pay database
Containing over half a million individual jobholders (in over 250 participating organisations).
The report’s contents is as follows:
Background / methodology
Historic pay awards & freezes – All sectors
Historic pay awards & freezes – Available sectors
Historic out-of-cycle increases – All sectors and available sectors
UK inflation – Historic and Predicted
Historic average earnings
2023 pay awards & freezes – All sectors
Changes in awards over time
Cost of Living arrangements – All sectors and available sectors
Predicted 2024 pay awards & freezes – All sectors
Predicted 2024 pay awards & freezes – Available sectors
Appendix – Contributing organisations & sectors
The report is available for the following sectors*:
Engineering and Construction
Facilities Management / M&E
Associations and Institutes
Pay Market Trends Report Options:
The report costs £840 + VAT for ‘all sectors’ plus one chosen sector
Additional sectors can be added in for £100 + VAT per sector
For an additional £600-800 + VAT (depending on the level of personalisation required), we collect your own historic pay awards to make a market comparison, writing an independent recommendation for your forthcoming pay award for senior management to consider.
Would you like to know more about our Pay Market Trends Report? Get in touch.
*Where we hold sufficient, we may be able to support other sectors not currently listed above - please enquire for more information.
Tim is a passionate HR specialist with over 20 years’ experience in pay and reward. As a director of Paydata, Tim has worked with thousands of satis...