British employers offered staff pay rises averaging 2.5% as part of wage settlem...
FILE PHOTO: Workers are seen in the More London district, with Tower Bridge behind during the morning rush hour in London, Britain, September 25, 2018. REUTERS/Toby Melville/File Photo
Human resources data firm XpertHR said pay settlements had hovered around the same for the past four months, despite a small pick-up in inflation. After years of real-terms falls in pay, Britain’s workers have had some of the biggest pay rises in a decade in recent months due to a tight labor market, though they are modest compared to pre-financial crisis rates of pay growth.
Pay settlement data is typically lower than the headline measure of wage growth, as it does not include pay increases gained through changing jobs or promotions.
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