Analysing pay growth for those in continuous employment.
Figure 5 does this by showing the median pay rise for those remaining in the same job from year-to-year and those remaining in employment but switching jobs.
Typical pay change for people remaining in work over a year
Source: RF analysis of ONS, ASHE (post April 2017 figures based on ONS, LFS)
The typical pay rise for someone switching jobs is, on average, around 2.5 times higher than for someone remaining in the same job. Furthermore, pay growth for those switching jobs is back at pre-crisis levels, whereas the typical pay rise for those staying in the same job is still around a third lower than it was in 2007 and 2008.
Chosen excerpts by Job Market Monitor. Read the whole story at Spotlight: The growing ‘disloyalty bonus’ – Resolution Foundation
Discussion
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