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Pay settlements remain stable

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Money

With the busy New Year pay round just getting under way, early indications are that basic pay settlements will remain around the 3% mark.

In the final three months of last year, the median basic pay award – the midpoint in the range – was 3% according to the independent IRS Pay Databank.

This was unchanged from the level recorded in each of the previous eight rolling quarters (April to November).

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