Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/

In this session we will look at  What economic information we need for pay bargaining  Where we can find this information  How we can we use this information Research Economic analysis for collective bargaining

Research We need information on  Economic trends  Labour market trends  Pay Comparators Economic analysis for collective bargaining

Research Economic trends Key economic information  Retail Price Index (RPI)  Inflation forecasts  Cost of living  GDP (growth forecasts)

Economic trends Where to find economic information in the UK  Office for National Statistics Monthly Digest of Statistics,  IDS Report, IRS Pay Intelligence, Reward Cost of Living Regional Comparisons How to use economic information  Benchmark pay claims against inflation  Benchmark claims against the cost of living  Use GDP as an indicator of demand Research Economic analysis for collective bargaining

Research Labour market trends Key labour market information  Average earnings  Unemployment figures Where to find labour market information in the UK  ONS labour market trends, Annual Survey of Hours and Earnings  Labour Research Department Workplace Report

Labour market trends How to use labour market information  Benchmark pay claims against average earnings  If unemployment figures are low competition for staff will be high Research Economic analysis for collective bargaining

Research Pay Comparators Key pay information  Pay rates, bonus awards and extra allowances  Settlement levels and forecasts  Conditions ie hours, holidays and parental leave Economic analysis for collective bargaining

Pay Comparators Where to find pay information in the UK  Office for National Statistics: Annual Survey of Hours and Earnings,  Pay and reward consultancies and publishers: IDS Pay benchmark, IRS Pay Intelligence, Reward Group Clerical & Operative Rewards, Labour Research Department Workplace Report Research

Economic analysis for collective bargaining Pay Comparators How to use pay information  Compare like with like i.e. similar level jobs  Benchmark against other companies and sectors  Create a picture of movements in pay over time  Help predict future trends in pay Research

Economic analysis for collective bargaining Summary  Economic trends - inflation, GDP  Benchmark pay claim against cost of living  GDP growth is an indicator of demand  Labour market trends – earnings, unemployment  Benchmark pay claim against average earnings  Low unemployment puts labour at a premium  Pay Comparators – pay settlements, pay rates  Benchmark pay claim against pay settlements and pay rates elsewhere  Compare like with like Research

 Questions and discussion Research