UK DATA: New Year Pay Deals Rise; 2.3% In Feb Survey – XpertHR
–UK Median Dec-Feb Pay Deals 2.3%; Steady Versus Revised Nov-Jan
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There is clear evidence of a pick-up in early 2011 pay deals in the
latest survey from XpertHR, with service sector settlements outstripping
manufacturing ones, and pay deals running at their highest level since
the end of 2008. The XpertHR survey showed the median pay deal in the 3
months through February was 2.3%, matching the upwardly revised figure
for the three months through January. These 2.3% outturns are the
highest seen in the XpertHR series sincethe 3.7% seen back in the fourth
quarter of 2008. A year ago, in the three months through February 2010,
the median pay deal was just 1.0% in the XpertHR series.