Zoe Woolacott | 27 Oct 2021

Median steady but autumn awards freshen outlook for pay

The median pay award across the economy remained at 2.0% for the three months to September 2021, according to the latest analysis from IDR. The interquartile range of awards has narrowed slightly from between 1.5% and 2.9% in the three months to August to between 1.7% and 2.8% in this latest analysis period. This change is influenced by both a fall in the proportion of higher-end awards worth 3% or more, together with an increased number of awards between 2% and 2.99%. Looking ahead to October, initial analysis indicates that the median may rise above 2.0% for the first time this year.

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