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.
