Zoe Woolacott | 29 Jul 2020

Balance of high-end awards and freezes keeps median steady at 2.5%

The median pay award across the whole economy remains at 2.5% for the three months to June 2020, according to the latest analysis from IDR. The median has been at this level since the start of the year despite the economic difficulties that have largely resulted from the coronavirus pandemic. The health emergency has negatively affected many firms but also boosted the fortunes of others, and this has resulted in an increased proportion of both pay freezes and awards at a higher level (worth 4% or more) during 2020.

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