10 November 2014
2014 LRD Pay survey released
The Labour Research Department has just released its 2014 Annual Pay Survey, which provides comprehensive information on over 750 pay settlements effective between August 2014 and July 2014. Information in the Survey is taken from LRD's Payline database of pay and conditions, which contains details of more than 2000 agreements.
In the latest Pay Survey from the union-backed Labour Research Department (LRD) the overall mid-point (median) rise on lowest basic rates was unchanged at 2.5% overall and 2.5% in the private sector.
That's rather more than the rise in average weekly earnings (just 0.7% in recent months) where the figures reflect trends in the wider labour and jobs market.
RPI inflation is the yardstick most pay negotiators still look to, and lower inflation meant a positive outcome for some workers, particularly those with pay anniversaries in 2014.
But many of the biggest union bargaining groups are in the public sector, where the pay cap and spending cuts continue to bite. The overall weighted increase (by workers covered) was 1.5%.
Just over one third saw the lowest basic rate go up by more than the rate of RPI inflation for the month in which the rise came into effect: The rest had to mark time or put up with another below-inflation rise while around 5% of settlements were in fact pay freezes.
Lewis Emery, LRD Pay and Conditions Researcher said: "It's no wonder only one in seven British adults actually feel any recovery, according to a recent FT survey. Union negotiators are making headway where they can but we have yet to see a significant recovery in pay settlements, nor a turnaround in the earnings trend".
The Living Wage and other measures aimed at the lowest paid affected around a tenth of deals, while higher allowances, premiums and bonus payments added to pay packets for some.
Transport and communication, manufacturing, energy and water companies generally had the highest pay rises while public administration, education and health employers had the lowest.
The survey covered over 750 settlements effective between August 2013 and July 2014 including over 660 where the percentage increase payable on the lowest basic rate was assessed.
The survey is available at www.lrd.org.uk/index.php?pagid=102