February 2017: Settlements and forecasts
Figures collected for February 2017 reveal the following:
- The average forecast for the next quarter, excluding pay freeze, remains the same as the previous two months at 2.3%; maintaining a consistent trend.
- Including pay freeze, the average settlement for the year is now 2.3%, which has increased by 0.1% from last month. This is the highest entry since April 2016.
- While the average percentage of companies reporting a pay freeze has increased slightly from 4.7% to 4.9%, the figure still illustrates encouraging activity for pay and reward.