Zoe Woolacott | 24 Nov 2021

High-end awards in private services cause upper quartile to ascend

The median pay award across the economy rose to 2.2% for the three months to the end of October, according to the latest analysis from IDR. The tighter labour market, and rising inflation, is clearly having an effect, though more in some areas than others. In particular, the upper quartile of awards has risen significantly from 2.8% in September to 3.5% in the current period. This change has been influenced by an increased proportion of higher-end awards worth 3% or more – up from around a quarter of all awards last month to over a third in this latest analysis period. 

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