Key facts
- The median pay award by British employers fell to 3.2% in the three months to July.
- This is the lowest level in 10 months.
- 35% of pay settlements were lower than the previous year.
- The data is based on 36 pay awards implemented between May 1 and July 31, covering approximately 762,000 employees.
Pay settlements by British employers inched down in the three months to June to a 10-month low, adding to signs of a softening labour market, a survey showed. The median pay award by employers fell to 3.2% in the three months to the end of July, down from 3.3% in the previous three rolling quarters, figures from human resources data firm Brightmine showed. "The fact that more than a third of matched pay awards are now lower than last year does suggest some employers are becoming more cautious," said Sheila Attwood, Brightmine's HR insights and data lead. Data based on 36 pay awards implemented between May 1 and July 31, representing pay settlements for approximately 762,000 UK employees. Official data on Tuesday showed the jobs market again weakened slightly in the second quarter.