Pay awards remain stable

21-09-2007

Pay awards remain stable
Pay settlements have remained unchanged according to the latest set of figures.

According to the Industrial Relations Services (IRS), pay settlements stand at 3.5 per cent for 2006/7.

The findings show that public sector pay awards at 2.8 per cent fall behind the private sector rate of 3.5 per cent.

IRS Pay and Benefits editor Sarah Welfare commented that private sector increases have kept on track, with the public sector struggling to keep up.

"Over the quieter summer months, private sector employers have continued to award relatively high pay rises, with public sector pay deals failing to keep pace," she remarked.

Headline economy and inflation will affect the next set of figures, as well as willingness to pay and company profits, she added to onrec.com.

Earlier this month, figures from the Office for National Statistics found wages had increased by 3.5 per cent in the year up until July alongside strong employment growth.

Private sector and public sector pay differences were also noted in these statistics.


Related categories: HR / Recruitment.


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