Developments in collectively agreed pay 2014

This report describes the developments in collectively agreed pay in the EU Member States in 2014 and compares them to developments in previous years. While growth in collectively agreed pay in nominal terms declined, the declining growth of prices resulted in real collectively agreed pay increasing. However, the nominal pay increases remain relatively modest compared with those observed in the first half of the previous decade. Twelve out of fourteen countries with available national estimates reported higher real increases in 2014 than in 2013. The report also provides details on pay indexation mechanisms, central or major cross-sector agreements and pace-setting agreements that were in effect in 2014. Finally, it provides a summary of public sector wage developments. The situation in the public sector varies across countries, with 13 EU Member States reporting rather modest wage increases and others reporting a continuation of pay freezes in the sector.