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29 May 2013

News - Pay award levels dip


By SalesProEd @ 17:06 :: 825 Views :: 0 Comments :: Article Rating
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Pay awards concluded in April 2013 are lower than those in the first three months of the year, according to the latest provisional data from pay specialists XpertHR.

In the three months to the end of April 2013, the median (mid-point in the range) basic pay award was worth 2%, half a percentage point below the 2.5% median recorded in the first three months of the year.

The sample of 131 basic pay awards includes the first of this year's deals from within the public sector – where pay awards are subject to the Government's policy of restricting increases to an average of 1%.

Within the private sector there are clear winners and losers in the pay stakes. Overall, approximately one pay award in 10 has resulted in a pay freeze, but more than half of these have been recorded in organisations in the not-for-profit sector. In contrast, the pay awards worth 3% or more are concentrated in the electricity, gas and water, and engineering and metals sectors.

XpertHR
Pay and Benefits editor Sheila Attwood said:
"2013 is shaping up to be another year of only modest pay awards, with employees in the public and not-for-profit sectors most likely to receive low, or no, pay awards. Employers have told us that their "ability to pay" is the primary deciding factor when setting the level of pay increase, and with many still struggling with the prevailing economic climate pay awards are subdued as a result."
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