{"id":8317,"date":"2024-08-19T08:57:47","date_gmt":"2024-08-19T08:57:47","guid":{"rendered":"https:\/\/www.brightmine.com\/uk\/?post_type=resources&p=8317"},"modified":"2026-07-06T10:51:38","modified_gmt":"2026-07-06T10:51:38","slug":"pay-awards-august-2024","status":"publish","type":"resources","link":"https:\/\/www.brightmine.com\/uk\/resources\/total-rewards\/pay-trends\/pay-awards-august-2024\/","title":{"rendered":"Latest pay awards news: August 2024"},"content":{"rendered":"\n
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Written by: <\/p>\n\n\n

Sheila Attwood<\/a><\/div><\/div>\n\n\n\n
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Share<\/p>\n\n\n

<\/a><\/a><\/a><\/a><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

The latest Brightmine analysis of UK pay data shows a continued slowdown in pay growth overall, with the median pay award returning to the lowest level seen this year at 4.5%.<\/p>\n\n\n\n

The majority of pay deals are lower than the previous settlement received by the same group of employees. Almost three-quarters (73.1%) worth less than they were last year. Just 7.7% of deals were worth more.<\/p>\n\n\n\n

This downward trend is set against a backdrop of falling inflation.<\/p>\n\n\n\n

The analysis is based on 48 pay settlements that came into effect between 1 May and 31 July 2024, covering 743,755 employees.<\/p>\n\n\n\n

Key findings of the analysis reveal that the interquartile range (the middle 50% of pay awards) has narrowed to 1.3 percentage points, the most common basic award is worth 5% and the median of all basic plus merit deals is 5.0%.<\/p>\n\n\n\n

Chart 1: Pay review pattern \u2013 whole economy, July 2023 to July 2024<\/h3>\n\n\n\n
\"Brightmine<\/figure>\n\n\n\n

Public sector gets the green light on all pay recommendations<\/h2>\n\n\n\n

Following a long wait, the new Labour government has accepted in full the public-sector pay review bodies\u2019 recommendations, which includes:<\/p>\n\n\n\n