RECENTLY issued pay data from XpertHR shows pay awards in the private sector are slightly up on this time last year, rising from a median 2.3% for the three months to the end of April 2011 to 2.5% for the same period this year.
The XpertHR pay trends report found that the most common pay rise given by private-sector employers during the quarter was 3%, with 28% of firms awarding this percentage to staff.
However, the median pay award of 2.5% is still tracking behind inflation, with the retail prices index currently standing at 3.5%.
This is UK data across all industries but it matches very closely the data Spinnaker is seeing from the shipping industry and in particular the members of the Maritime HR Forum across the OECD.
