Zoe Woolacott | 26 May 2022

Median pay award climbs to 3.7%

The median pay award across the economy for the three months to April is now 3.7%, according to the latest analysis from Incomes Data Research. This is higher than the median from our initial analysis for this period, which showed at 3.5%, and is a significant jump from a median of 3.0% in March. This uplift occurs against a backdrop of the highest level of inflation in more than 40 years, and a tight labour market in many areas of the economy. Over four-fifths (83%) of pay increases are worth 3% or more and this has driven the upper quartile from 4.2% to 5.1%. This shift has also caused an uptick in the lower quartile from 2.5% to 3.0% with fewer than one in five pay increases now below 2%. 

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