Related posts:No related photos. Pay awards increased to nearly 3 per cent in the three months to May,research by Industrial Relations Services reveals. Settlements dropped to 2.5 per cent just before Christmas but have sincebounced back, giving a revised figure for April of 2.8 per cent. The spread ofsettlements has also increased and narrowed, with half of all deals to Mayworth between 2.2 per cent and 3.4 per cent. IRS attributes the overall increase to relatively generous public sectorawards. Private sector deals as a whole remain fixed on 2.5 per cent, withmanufacturing deals falling behind those for the service sector. Mark Crail, managing editor of IRS Employment Review, said: “Despitethe increase in the headline rate, there really is little indication here thatthe private sector is overcoming the weak economic conditions of the past sixto nine months. “Manufacturers in particular clearly have little room to manoeuvre. “Looking back to the same period last year, two-thirds of employerswere then settling at a higher level. A matched sample of 107 settlements showsthat 64 per cent have agreed a lower figure this year, with just 19 per centawarding a higher increase. “Any increase over the next few months is likely to indicate a rise ininflation rather than a recovery in employer confidence.” www.irsonline.co.uk Previous Article Next Article Public sector awards push pay increases upOn 2 Jul 2002 in Personnel Today Comments are closed.