Pay Awards & Forecast (February 2018)

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, we provide the latest findings for pay trends, forecasts, settlements, and more. Figures collected by Croner Reward reveal the following for February 2018:

• The overall percentage of companies reporting a pay freeze has increased from 4.3% to 5%.
• Excluding pay freeze, the average forecast for the next quarter is 2.3%, which has fallen by 0.1% since last month.
• Including pay freeze, the average settlement for the year is 2.1%, which has remained the same as the previous eight months.