Latest Pay Awards and Forecasts

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.