Inflation statistics are often used as a reference point when reviewing pay, but they need to be interpreted carefully. This guide explains what inflation measures show, how they are calculated and how employers can use inflation data appropriately when setting and reviewing pay.
Use Brightmine data to benchmark pay settlement levels; Understand the difference between basic pay awards and performance-related settlements; See how organisations are classified by industry; Keep up to date with the latest pay settlement trends with our monthly analysis of pay trends; Use Brightmine Compensation Planning reward data to benchmark the pay and benefits of staff against market rates.
Sign up today to get:
- Pay resources on Brightmine
- Pay settlement data
- Collecting pay settlement data
- Basic pay settlements
- Performance-related pay settlements
- Classifying organisations
- Manufacturing and production
- Private-sector services
- Not-for-profit
- Public services
- Sample of organisations
- Data analysis
- Brightmine Compensation Planning reward data
- Glossary of pay-related terms and definitions
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For full access to How to use the pay resources on Brightmine, sign up to a HR and Compliance Centre subscription today.
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