Pay Awards & Forecasts (May 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 May 2017:

  • The percentage of companies reporting a pay freeze in May has hit the record all-time-low figure once more, now standing at just 2.5%. This is a staggering 19.5% lower than the highest figure on record in March 2014, highlighting a very positive pay trend for 2017 so far.
  • The average long term forecast, including pay freeze, has increased from last month now standing at 2.2%.