Workers’ pay ‘up in real terms’

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Published: Friday 24th April 2015 by The News Editor

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Workers are enjoying a real terms increase in pay, with recent awards above the rate of inflation, according to a new study.

Median rises were worth 2% in the three months to March, twice as high as the latest RPI inflation rate, said pay analysts XpertHR.

Research covering 250 settlements found that workers were seeing their pay grow by more than the increase in prices for the first time in almost five years.

Around one in 10 settlements involved a pay freeze, while increases in the public sector were slightly below those in private firms, said the report.

Sheila Attwood, of XpertHR, said: “The first April pay awards give us a good indication of the likely level of pay awards over the remainder of the year. The fact that employers are sticking to 2% suggests that higher pay awards are going to continue to be hard to come by.”

Published: Friday 24th April 2015 by The News Editor

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