The median pay award across the whole economy has risen to 2.7% in 2020, having been at 2.5% for most of 2019, according to the latest monitoring figures from Incomes Data Research (IDR).
From 1 June 2020, outdoor markets and car showrooms will be allowed to open as long as adequate health and safety precautions are in place.
This article is part of Pay Climate, IDR's online subscription service. The subscription keeps you up-to-date with employment trends, back up by the latest evidence.
In the 10 weeks following the Prime Minister’s announcement of the UK’s lockdown in response to the coronavirus pandemic, employers have faced contrasting challenges.
As a Living Wage accredited employer, IDR is pleased to support the Living Wage Foundation’s call for key workers to receive the Living Wage. The Living Wage Foundation has calculated that over 1 million key workers are not receiving the real Living Wage.
The Government’s Coronavirus Job Retention Scheme (CJRS) has been a lifeline for many employers and its extension to the end of October is welcomed by many. However, there are a number of very important changes that employers need to be aware of.
The latest data on average weekly regular earnings from the ONS show three main sectors where pay growth went negative in April 2020, compared to April 2019.
IDR's monthly analysis of labour market statistics
The median pay award across the whole economy remains at 2.5%, according to the latest analysis from IDR. This covers the three-month period to the end of May.
The estimated rise in the cost of living fell again this month across all main indicators, with petrol price reductions the main factor, according to the Office for National Statistics (ONS).
The IDR job evaluation scheme is an analytical scheme that uses a straightforward and user-friendly approach to enable all types of jobs, from manual work to complex management and specialist posts, to be analysed and evaluated against seven key factors.
The pandemic and its economic effects make the need for reliable intelligence as an input to forward planning on pay more important than ever before.
we are excited to announce that we have rescheduled our cancelled event from earlier this year, our event will be a free event taking place virtually via Microsoft Teams on the 17th September 2020 from 9.00 am-12.30 pm.
IDR's monthly analysis of inflation
IDR's monthly analysis of the labour market statistics.