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Graduate wages may rise as median pay settlements go up

Published: Thursday, 03 March 2011   Category: All Graduate job news

University-leavers searching for graduate vacancies may find their pay levels on the rise, as a survey has revealed that the median pay settlement across the employment sector rose sharply.

IDS Pay, an online source of pay information from the Incomes Data Services, has released the figures for the median pay settlements in the three months leading up to January.

The findings revealed that the median pay settlement rose by 2.8 per cent, which is more than the 2.2 per cent by which the measure went up for the three months before.

Ken Mulkearn, the editor of the IDS Pay Report, said that the results are promising - especially for the private sector - but that the optimism must be tempered with caution.

"Our latest figures show that wage rises have picked up in manufacturing and the level of awards in private services appears to have picked up too," he said.

"However, pay awards are still trailing some way behind inflation."

The aim of the IDS Pay survey is provide accurate information to help employees determine pay levels.

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