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Researc h Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

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Page 1: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

Research

Economic Analysis for Collective Bargaining

Bill Taylor – CWU

ILO Turin

August 11/12 2005

Page 2: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

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

Page 3: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

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We need information on

Economic trends

Labour market trends

Pay Comparators

Economic analysis for collective bargaining

Page 4: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

Economic analysis for collective bargaining

Research

Economic trends

Key economic information

Retail Price Index (RPI)

Inflation forecasts

Cost of living

GDP (growth forecasts)

Page 5: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

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

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Economic analysis for collective bargaining

Page 6: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

Economic analysis for collective bargaining

Research

Labour market trends

Key labour market informationAverage earnings

Unemployment figures

Where to find labour market information in the UKONS labour market trends, Annual Survey of Hours and Earnings

Labour Research Department Workplace Report

Page 7: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

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

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Economic analysis for collective bargaining

Page 8: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

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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

Page 9: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

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

Page 10: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

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

Page 11: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

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

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Page 12: Research Economic Analysis for Collective Bargaining Bill Taylor – CWU ILO Turin August 11/12 2005

Questions and discussion

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