Zoe Woolacott | 25 Mar 2020

Private sector awards boost median to 2.4%

The median pay increase across the economy has risen from 2.3% to 2.4% for the three months to February 2020, according to the latest figures from IDR. Private sector awards are a significant influence on pay across the economy at this time of year with very few increases occurring in the public sector. The number of higher-end awards worth 3% or more in the private sector has remained steady. However, while the proportion has risen in services it is down in manufacturing.

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