Posted on 20th December 2019 at 00:39
UK employees can expect to receive a 1.1% real salary increase in 2020, compared to the 1.2% increase seen in 2019, according to research found by XpertHR.
The median basic pay award edged up to 2.8% at the end of the quarter, 0.3 percentage points higher than the average seen in every other rolling quarter in 2019. However, XpertHR warned that the increase should be viewed with caution as its analysis looked at pay settlements awarded between 1 August and 31 October, traditionally a period where few pay reviews are concluded, the underlying picture is of organisations increasing pay by 2.5% across 2019 as a whole.
Employers are in the dark about the rates they would need to pay their employees on the national minimum wage and national living wage from April 2020, as the general election has delayed the national minimum wage announcement usually scheduled for this time of year.