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Private sector pay awards hold at 3.5% in March – IDR
The proportion of pay awards worth 4% or more increased, rising from 16% in February to over one fifth in the latest sample.
The proportion of pay awards worth 4% or more increased, rising from 16% in February to over one fifth in the latest sample.
More than three-fifths of pay awards are likely to fall between 3% and 3.99%.
The median pay increase for the period (three months to September 2025) stayed at 3.0%, unchanged for the third quarter in a row.
The biggest group of pay awards, at 53%, were in the 3% to 3.99% range, up from 35% last month.
HR director pay has surged by 20.9% over the past year - far outpacing both the rest of the HR function and the wider economy - according to Incomes Data Research.
80% of employers anticipate awarding lower pay increases in 2025 compared to 2024, according to IDR's latest poll.
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