Average pay rises have stayed about 3 per cent for the past five months but most are higher than a year ago, according to a report out today.
A survey of more than 100 recent deals showed half were worth between 2.5 per cent and 3.5 per cent, although one in four were lower.
Settlements in the public sector average 3.4 per cent in the year to May, compared with 2.9 per cent in private firms, research by Industrial Relations Services (IRS) found.
IRS Pay and Benefits Bulletin editor, David Carr, said: "The key influences on decision makers are company performance and changes in the cost of living."
Tuesday June 24, 2003
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article