HR Hub

Various research bodies have published pay data for the three months to the end of September 2024, as well as one looking ahead to prospects for 2025.

• Incomes Data Research shows the median pay award at 4.0% for the three months to September (interquartile range: 3.5% to 4.7%).
• Brightmine recorded a median basic pay award of 4.0% across the whole economy for the three months to the end of September (based on 64 settlements covering almost 433,000 employees). Pay settlements in the public sector over the 12 months to the end of September 2024 stood at a median 5.5%, unchanged from the previous rolling year (to the end of August 2024). This follows a full 12 months when pay awards in the sector were more than 6% at the median. Its forecast for 2025 shows average settlements falling further (to 3%).
• Deals reported to the LRD Payline are averaging 4.0% for both the standard increase and lowest-paid workers. The median pay rise was higher in the public sector at 5.0%.