Zoe Woolacott | 28 Apr 2021

Median dips in March but likely to return to 2% in April

The median pay award across the economy has fallen from 2.0% to 1.8% for the three months to March 2021, according to the latest analysis by IDR. The upper quartile also fell, triggered by changes in the distribution of pay awards in the private sector, with a larger proportion of outcomes below 2%. Awards in the not-for-profit sector, where the median is 1.3%, were also a factor in bringing the whole-economy median down. Pay freezes continue to account for around a quarter of all reviews. However, the proportion of increases worth between 1.0% and 1.99% has grown. Looking at the first crop of April awards, there are indications that the median could return to 2.0% in our next rolling three-month analysis.

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