Belfast Telegraph

Sunday 13 July 2014

Average pay deals remain at 2.5%

Median pay deals have remained at 2.5% in recent months, although no wage freezes were recorded in private firms in the quarter to July, a new report showed today.

A study of 45 settlements by pay analysts Incomes Data Services (IDS) showed that median awards have remained the same since the start of the year.

Two-thirds of deals were worth between 2% and 3%, with workers in manufacturing firms receiving more than those in services companies, the study showed.

Ken Mulkearn, editor of IDS Pay Report, said: "Pay freezes look to have thawed across most larger employers in the private sector and the overall picture on the level of awards is fairly stable, with manufacturing and utilities ahead of services. Meanwhile in the public sector basic pay remains frozen for most staff."

45

The number of firms involved in the IDS median pay deal study

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