Wage Price Index Update

Wage Price Index Update

The Wage Price Index for the March quarter, shows that rates of pay excluding bonuses grew by 2.3% annually in trend terms in the private sector during the year to the end of March.

The 2.5% trend increase in the public sector and the 2.3% trend rise across the economy are also the lowest on record.

Rates of pay including bonuses grew by 2.4% (unadjusted) in both the public and private sectors.

Michael O'Shaughnessy

Michael is a specialist in all things HR. With vast HR experience in the USA and Australia, Michael brings a wealth of knowledge and advice to HR Central. When he's not blogging for HR Central you can find him out for dinner in one of Melbourne's newest restaurants.

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