Pay Awards & Forecasts (August 2017)

blog-publish-date 08 August 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 August 2017:

  • The percentage of companies reporting a pay freeze in August has once again hit the record all-time-low figure, now standing at just 0.3%
  • Excluding pay freeze, the average long term forecast has increased by 0.3% from the previous month, now standing at 2.5%
  • Average settlement in the last 4 months, including pay freeze, is 2.2%. This has increased by 0.2% from last month