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February 2017: Settlements and forecasts

February 2017: Settlements and forecasts

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.
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Settlements and forecasts

Every month, the latest findings for pay trends, forecasts, settlements, and more, are collected and published.

Based on data collected across organisations, the settlements and forecasts document provides a tool to review salaries.

Settlements reveals the average increase that has been applied at each level over the previous quarter and year, according to collected data. Forecasts reveals the expert predictions as to what salary increase will be applied over the coming quarter and year, based on collected data.