Industrial Relations Services’ (IRS) monthly pay settlement analysis has revealed that basic pay awards remained at 3 per cent during September while inflation stood at 3.6 per cent during the same period but pay awards based solely on merit or performance stood at 3.5 per cent.
IRS pay researchers collected the details of 99 pay settlements, covering 711,629 employees. Of the total, 83 of these pay awards gave a basic pay increase.
Sheila Attwood, ‘IRS Pay and Benefits’ editor, said: “We are continuing to see an enduring stability in the level of pay awards.
“However, inflation rose once again in September 2006, and employee-side pay negotiators will be looking for the increase in prices to be fed through to pay rises, especially during the crucial January bargaining period.”
