Forward to a colleague View as a webpage Add us to your white list Quick Links »   Our research   Pay trends   Survey   FAQs   Pay awards   Statistics   Blogs Take part in XpertHR research What are the prospects for pay in 2012? The past year has been characterised by pay awards that are well below the prevailing rate of inflation. With inflation forecast to rise further still, will this put pressure on employers to award higher pay rises to staff, or will the expected fall in inflation early in 2012 result in employers dropping the level of pay awards next year? We need to hear your plans on pay so that we can provide an authoritative analysis of employers' pay intentions over the coming year. In return for completing the survey, you will receive a comprehensive report including: a sector-by-sector analysis of pay trends; a review of recent pay trends; and our survey findings on employer pay predictions for the year ahead, covering their pay award predictions and the issues that will dominate pay setting. You will also be entered into a prize draw to win one of three £25 M&S vouchers. Please complete the confidential survey. If you would like to discuss it, or have any questions, please email Sheila Attwood. Top Pay trends Pay trends August 2011 As the pace of pay bargaining slows down as we enter the second half of the year, so does the level of pay rises awarded, according to our latest analysis. Inflation and earnings forecasts Our forecasts page is updated every month and provides an up-to-date look at the likely bargaining conditions for pay setters over the coming months. Top Pay survey Finance sector pay: higher basic pay compensates for lower bonuses In this review, we have analysed our own data to determine trends in pay setting, as well as consulting organisations representing both employers and employees in the industry on key issues around pay and reward currently facing UK financial services companies. Top Frequently asked questions Remuneration Code 2011 › What is the appropriate balance between fixed and variable remuneration? › How does the Remuneration Code apply to an individual who joins a firm part way through a bonus year? › When is a firm expected to reduce the amount of an individual's variable remuneration? Top Pay awards › Pay review update › XpertHR indicators: pay awards Top Statistics and reference › XpertHR pay trends homepage › Economic indicators Top From our blogs › Actuaries enjoy big pay rises in 2011 › Pay awards return in manufacturing sector › Just how widespread are pay freezes? Top Editor's message FINANCE SECTOR PAY This week we launch our annual pay prospects research. Our survey will provide the largest forecast of pay awards for 2012 - we invite you to take part. The majority of firms have now settled their pay awards for 2011, and our analysis suggests that the highest pay awards are now behind us too. According to our research, in the three months to July, the median basic pay award is now just 2%. In the finance sector, however, pay awards have bounced back from 2010. In the year to May 2011, the median paybill budget for performance-based pay reviews was 2.5%, while basic pay awards were worth a median 2.3%. There is evidence of firms reducing the size of bonus payments but awarding greater increases in basic pay in return. Sheila Attwood Pay and benefits editor, XpertHR XpertHR Weekly podcast Pay Intelligence blog Perspectives on the changing world of pay, including news, commentary and analysis on pay issues, law, employee relations, recruitment, retention, reward and work organisation. XpertHR Benchmarking Benchmark your employment practices, policies and performance; download results for use in your own reports; and benefit from four decades of HR benchmarking expertise. Get more out of XpertHR › Model policies › Good practice guides › Line manager briefings › Salary surveys Tools for subscribers › My XpertHR › User guide › Advanced search › XpertHR feeds Customer services › Password reminder › Email the helpdesk or call 0845 671 1110 › Read previous newsletters Forward to a colleague xperthr.co.uk This email has been sent to luke.smith@rbi.co.uk Unsubscribe from future pay and benefits emails. Disclaimer This message is intended only for the use of the person(s) ("Intended Recipient") to whom it is addressed. It may contain information, which is privileged and confidential. Accordingly any dissemination, distribution, copying or other use of this message or any of its content by any person other than the Intended Recipient may constitute a breach of civil or criminal law and is strictly prohibited. If you are not the Intended Recipient, please contact the sender as soon as possible. © Reed Business Information Ltd +44 (0)20 8652 3500 | Terms and Conditions | Privacy Policy Registered Office: Reed Business, Quadrant House, 9th Floor, The Quadrant, Sutton, SM2 5AS. Registered in England & Wales: 151537