Fact Service April 2011

Issue 17

Settlements pitched at around 3%

Settlement figures from LRD’s Payline database of collective agreements show that in the three months to March the only variation from a median of 3.0% was in services where the median was 3.1%. The figures for the pay round from August 2010 are lower, with the overall median being 2.6%.

Meanwhile, one of the busiest periods of wage negotiations for manufacturing companies has passed with no sign as yet of inflationary pay settlements, according to the latest figures from the EEF manufacturers’ organisation.

The EEF’s pay data for the three months to the end of March 2011 (including the month of January, the busiest for manufacturing companies) shows that the average pay settlement remained static at 2.4%, the same as the figure for the three months to the end of February 2011.

The number of pay freezes in manufacturing has fallen slightly, but still remains at just over one in eight settlements, while almost four in five settlements are at 3% or less.

www.lrd.org.uk/index.php?pagid=18

www.eef.org.uk/policy-media/releases/uk/2011/No-sign-of-inflationary-pay-in-manufacturing-through-busy-Q1-negotiating-period.htm