Croner Reward has been advising businesses on reward and benefits for over 40 years; providing research, information and bespoke advice for more than a generation of HR and Payroll professionals.

Every month, they provide the latest findings for pay trends, forecasts, settlements, and more.

Figures collected by Croner Reward reveal an extremely positive end to 2016.

Clare Parkinson, Croner Reward Business Manager, comments: “The new figure for companies reporting a pay freeze is the lowest that we have ever had.

“We have recorded pay details since 1997, and pay freeze percentages since 2011, so we are very pleased to report that we’ve found the lowest percentage in over five years.

“The figure contributes to a positive year for pay overall. If we compare the figures from 2015 to 2016, there are obvious movements in the right direction. All of these positive changes illustrate a healthier year for employers.”