Zoe Woolacott | 22 Dec 2021

Upper quartile of pay awards reaches new heights

The median pay award across the economy has continued to rise and is now 2.3% for the three months to November 2021, according to the latest analysis from IDR. The upper quartile has risen sharply from 3.5% in October to 4.6% in the latest figures on foot of an increased proportion of higher-end awards worth 3% or more. Pay increases at this level now represent almost two-fifths of awards in our sample, which is based on 35 pay outcomes covering over 1 million employees. Looking ahead to 2022, initial analysis indicates that the median and upper quartile may continue to rise.

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