Zoe Woolacott | 24 Jun 2021

Median steady as pay awards cluster around 2%

Our latest analysis shows that the median pay award across the economy remains at 2.0% for the three months to May 2021. There has been little movement in the overall distribution of outcomes since April. The proportion of higher-end awards worth 3% or more remains comparatively low – representing 15% of our sample, which is based on 144 pay awards effective between 1 March and 31 May 2021 covering over 1.3 million employees in total. Over two-thirds of pay rises are worth between 1% and 2.99%, with the largest cluster (27%) being worth 2%, and a smaller cluster (17%) at 1%.

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