Latest Pay Awards and Forecasts

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14 Oct 2016

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The Latest information on pay and rewards from Croner shows an increase in the average forecast figures for the next quarter of 0.2% (including and excluding pay freeze).  September 2016 Average Settlements & Forecast Figures - Excluding Pay Freeze (This represents the averages for those companies that have given a pay award rather than a freeze)

  Settlements Forecasts
  October 2015 – September 2016 Average June 2016 – September 2016 Average October 2016 – September 2017 Average June 2017 – September 2017 Average October 2016 –  December 2016 Average
ALL 2.2% 2.3% 2.4% 2.6% 2.4%
Management 2.2% 2.4% 2.4% 2.5% 2.3%
Clerical 2.1% 2.3% 2.5% 2.5% 2.3%
Operative 2.2% 2.3% 2.3% 2.5% 2.5%
 Highlights and Trends  The average forecast for the next quarter is 2.4%, 0.2% greater than last month.
  • Average settlement in the last 4 months is 2.3%, the same as last month.
  • Average settlement for the year stands at 2.2%, the same as the last four months.
  • Average forecast for the next 12 months is 2.4%, the same as it has been all year.
  • Average long term forecast is 2.6%, the same as last month.
 September 2016 Average Settlements & Forecast Figures – Including Pay Freeze
  Settlements Forecasts
  October 2015 – September 2016 Average June 2016 – September 2016 Average October 2016 – September 2017 Average June 2017 – September 2017 Average October 2016 –  December 2016 Average
ALL 2.0% 2.1% 2.3% 2.6% 2.4%
Management 2.0% 2.2% 2.3% 2.5% 2.3%
Clerical 2.0% 2.1% 2.4% 2.5% 2.3%
Operative 2.0% 2.1% 2.2% 2.5% 2.5%
Highlights and Trends The average forecast for the next quarter is 2.4%, 0.2% greater than last month.
  • Average settlement in the last 4 months is 2.1%, the same as last month.
  • Average settlement for the year stands at 2.0%, the same as last month.
  • Average forecast for the coming year is 2.3%, the same as the last two months.
  • Average long term forecast is 2.6%, the same as last month.
September 2016 Average Settlements & Forecast Figures – Percent with Pay Freeze
  % with a pay freeze % forecasting a pay freeze
  October 2015 – September 2016 Average June 2016 – September 2016 Average October 2016 – September 2017 Average June 2017 – September 2017 Average October 2016 – December 2016 Average
ALL 16.2% 15.8% 5.7% 6.1% 6.3%
Management 16.9% 16.0% 5.1% 5.1% 6.0%
Clerical 15.1% 15.3% 6.8% 7.2% 6.5%
Operative 20.5% 19.8% 8.1% 9.0% 8.0%
By Sector – Including Pay Freeze
  Settlements Forecasts
  October 2015 - September 2016 Average June 2016 – September 2016 Average October 2016 - September 2017 Average June 2017 – September 2017 Average
Voluntary\ Charity 1.9% 1.8% 2.3% 2.3%
This information is also available for the following sectors:
  • Public Services
  • Construction
  • Engineering
  • Financial Services
  • Digital/IT
  • Manufacturing
  • Service
  • Transport
  • Commercial
Should you wish to receive these figures, please call Debbie Hillyard on 0844 728 0103 or e-mail debbie.hillyard@croner.co.uk.

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