In this case study we look at the pay agreement covering the civil engineering works currently being undertaken to construct the nuclear power station at Hinkley Point in Somerset, work on which began properly in March. The pay structure’s guiding principle is progression via the acquisition of skills, and as such, may be a model for pay systems in other parts of the economy. Continue reading Nuclear construction pay agreement
Earnings growth has dropped back, according to the latest figures from the Office for National Statistics. Average weekly earnings across the whole economy grew by 2.3% in three-months to July, compared to a year ago, down from the revised figure of 2.5% for June.
In the private sector, average weekly earnings grew by 2.4% in the year to July, down from the revised figure of 2.6% for both May and June but still above the lower levels seen in the spring. Earnings growth in the public sector was 1.7% in the year to June, down from the 1.9% seen in both May and June, but also higher than seen at the start of the year. This still means that average earnings in the private sector at £505 a week are now greater than in the public sector at £499 a week, a trend that has emerged since April of this year. Continue reading this free article
Average weekly earnings continue to grow at around 2% across the economy, down from the 3% level seen last summer, but there are wide variations between the different sectors. In the latest figures released by the ONS on 18 May, strong earnings growth has continued in construction, while in the lower-paying sector of retail and hospitality, earnings growth has dropped sharply, to 1% in March. Continue reading Earnings grow at 2% but wide sectoral differences remain
Average weekly earnings growth across the UK economy rose marginally in January to 2.1%, according to the latest figures from the ONS (16 March). It had been falling – from 3.0% in September to 2.4% in October, to 2.1% in November and 1.9% in December – so the latest figures could indicate a recovery in wages. However the figures will have to indicate further growth before a rising trend can be said to have been established. Continue reading Average earnings growth rises but remains modest
Alastair Hatchett, Visiting Fellow, University of Greenwich
Average weekly earnings grew by 3.0% in the year to August, up from 2.9% in the year to July, according to figures released by the ONS on 14 October 2015. The rate of growth in the private sector was 3.4%, compared to just 1.2% in the public sector. Continue reading Faster pay growth in retail lifts private sector earnings