"Cost of Living" wage increases?

[thetapeworm]

We haven't had any kind of pay adjustments here for approximately five years, difficult times, lucky to have a job etc etc. Fair enough and I'm happy enough to stay with what I have compared with a previous company where we ended up on 2 day weeks and eventual redundancy.

A lot of people seem to moan when they "only" get a "standard increase" to their salary each year to offset the "cost of living" and I was curious to see if I could calculate what I was missing over the period of static pay.

Can this just be calculated at something like 2.5% per year or is there a more specific "official" figure that can be applied? Obviously personal circumstances, location etc play a part in how much it costs to exist but I'm only looking for a relatively rough figure anyway.

I would have put this in the Finance section but it didn't seem to be specific enough to warrant special attention, on top of this the replies here are generally more amusing anyway

[elster]

http://www.statistics.gov.uk/PIC/index.html

See how your costs of living have change from here.

[_Batty_]

personally im just happy to have a job.
alittle bit of something is better than a whole lot of nothing.

[thetapeworm]

_Batty_ said:

personally im just happy to have a job.
alittle bit of something is better than a whole lot of nothing.

Absolutely - this is the way I think too, the reason for the original post is pure curiosity rather than it being the first stage in a demand for more cash

While more money would always be welcome I'd rather have some money coming in even if disposable income level are fall.

[jdw100]

thetapeworm said:

We haven't had any kind of pay adjustments here for approximately five years, difficult times, lucky to have a job etc etc. Fair enough and I'm happy enough to stay with what I have compared with a previous company where we ended up on 2 day weeks and eventual redundancy.

A lot of people seem to moan when they "only" get a "standard increase" to their salary each year to offset the "cost of living" and I was curious to see if I could calculate what I was missing over the period of static pay.

Can this just be calculated at something like 2.5% per year or is there a more specific "official" figure that can be applied? Obviously personal circumstances, location etc play a part in how much it costs to exist but I'm only looking for a relatively rough figure anyway.

I would have put this in the Finance section but it didn't seem to be specific enough to warrant special attention, on top of this the replies here are generally more amusing anyway

No pay rise for 5 years!?! Why don't you go elsewhere or into another line of work?

[elster]

jdw100 said:

thetapeworm said:

We haven't had any kind of pay adjustments here for approximately five years, difficult times, lucky to have a job etc etc. Fair enough and I'm happy enough to stay with what I have compared with a previous company where we ended up on 2 day weeks and eventual redundancy.

A lot of people seem to moan when they "only" get a "standard increase" to their salary each year to offset the "cost of living" and I was curious to see if I could calculate what I was missing over the period of static pay.

Can this just be calculated at something like 2.5% per year or is there a more specific "official" figure that can be applied? Obviously personal circumstances, location etc play a part in how much it costs to exist but I'm only looking for a relatively rough figure anyway.

I would have put this in the Finance section but it didn't seem to be specific enough to warrant special attention, on top of this the replies here are generally more amusing anyway

No pay rise for 5 years!?! Why don't you go elsewhere or into another line of work?

That is quite normal for most companies.

[_Batty_]

elster said:

jdw100 said:

thetapeworm said:

We haven't had any kind of pay adjustments here for approximately five years, difficult times, lucky to have a job etc etc. Fair enough and I'm happy enough to stay with what I have compared with a previous company where we ended up on 2 day weeks and eventual redundancy.

A lot of people seem to moan when they "only" get a "standard increase" to their salary each year to offset the "cost of living" and I was curious to see if I could calculate what I was missing over the period of static pay.

Can this just be calculated at something like 2.5% per year or is there a more specific "official" figure that can be applied? Obviously personal circumstances, location etc play a part in how much it costs to exist but I'm only looking for a relatively rough figure anyway.

I would have put this in the Finance section but it didn't seem to be specific enough to warrant special attention, on top of this the replies here are generally more amusing anyway

No pay rise for 5 years!?! Why don't you go elsewhere or into another line of work?

That is quite normal for most companies.

and is unlikely to change for the foreseeable future i would guess.

[thetapeworm]

jdw100 said:

No pay rise for 5 years!?! Why don't you go elsewhere or into another line of work?

Convenience and comfort I guess, I enjoy the job, I like the people I work with too. I get a fair salary for the work I do but it's not "market rate" when I look at positions elsewhere in the country. It's quite specialist though so if I wanted to move it would mean a physical move to a new area and the costs associated with that.

I'm in a situation where I'm permanently employed by one company (an agency who got me via TUPE) who then supply me as a contractor to "company A" who in turn place me at "company B". Each stage adds expense to company B due to the others taking their cut but the margins are quite slim, 6% I believe.

Money isn't my main priority but I am beginning to become annoyed with how static the role is in terms of technology and training opportunities so am starting to have a look around.

Edited by thetapeworm on Wednesday 15th December 14:51

[jdw100]

elster said:

jdw100 said:

thetapeworm said:

We haven't had any kind of pay adjustments here for approximately five years, difficult times, lucky to have a job etc etc. Fair enough and I'm happy enough to stay with what I have compared with a previous company where we ended up on 2 day weeks and eventual redundancy.

A lot of people seem to moan when they "only" get a "standard increase" to their salary each year to offset the "cost of living" and I was curious to see if I could calculate what I was missing over the period of static pay.

Can this just be calculated at something like 2.5% per year or is there a more specific "official" figure that can be applied? Obviously personal circumstances, location etc play a part in how much it costs to exist but I'm only looking for a relatively rough figure anyway.

I would have put this in the Finance section but it didn't seem to be specific enough to warrant special attention, on top of this the replies here are generally more amusing anyway

No pay rise for 5 years!?! Why don't you go elsewhere or into another line of work?

That is quite normal for most companies.

No its not. I can't think of anyone I know who hasn't had a rise in 5 years. At least 2 of those years would have been during some boom economic times. I'm truly amazed if thats really the case.

If a company didn't raise my pay for,say, two years, I would be off.

In any case I'm sorry to hear that you have been suffering financially like this - incredible....

[jdw100]

thetapeworm said:

jdw100 said:

No pay rise for 5 years!?! Why don't you go elsewhere or into another line of work?

Convenience and comfort I guess, I enjoy the job, I like the people I work with too.

I'm in a situation where I'm permanently employed by one company (an agency who got me via TUPE) who then supply me as a contractor to "company A" who in turn place me at "company B". Each stage adds expense to company B due to the others taking their cut but the margins are quite slim, 6% I believe.

Money isn't my main priority but I am beginning to become annoyed with how static the role is in terms of technology and training opportunities so am starting to have a look around.

Good for you old chap. I wish you all success with a new role.

[thetapeworm]

jdw100 said:

If a company didn't raise my pay for,say, two years, I would be off.

In any case I'm sorry to hear that you have been suffering financially like this - incredible....

I suspect it comes down to the type of work you do and past experiences, it's easy to become bitter about the bottom line but when you've had worse and you aren't struggling to live a decent life it doesn't become such a big issue.

[jdw100]

thetapeworm said:

jdw100 said:

If a company didn't raise my pay for,say, two years, I would be off.

In any case I'm sorry to hear that you have been suffering financially like this - incredible....

I suspect it comes down to the type of work you do and past experiences, it's easy to become bitter about the bottom line but when you've had worse and you aren't struggling to live a decent life it doesn't become such a big issue.

that puts it nicely into context.

as I say - good luck with making some changes!

all the best.

[elster]

jdw100 said:

elster said:

jdw100 said:

thetapeworm said:

We haven't had any kind of pay adjustments here for approximately five years, difficult times, lucky to have a job etc etc. Fair enough and I'm happy enough to stay with what I have compared with a previous company where we ended up on 2 day weeks and eventual redundancy.

A lot of people seem to moan when they "only" get a "standard increase" to their salary each year to offset the "cost of living" and I was curious to see if I could calculate what I was missing over the period of static pay.

Can this just be calculated at something like 2.5% per year or is there a more specific "official" figure that can be applied? Obviously personal circumstances, location etc play a part in how much it costs to exist but I'm only looking for a relatively rough figure anyway.

I would have put this in the Finance section but it didn't seem to be specific enough to warrant special attention, on top of this the replies here are generally more amusing anyway

No pay rise for 5 years!?! Why don't you go elsewhere or into another line of work?

That is quite normal for most companies.

No its not. I can't think of anyone I know who hasn't had a rise in 5 years. At least 2 of those years would have been during some boom economic times. I'm truly amazed if thats really the case.

If a company didn't raise my pay for,say, two years, I would be off.

In any case I'm sorry to hear that you have been suffering financially like this - incredible....

Not for the past 5 years. Smaller companies especially have been struggling, I know very few people who have been getting pay rises, apart from promotions.

[thetapeworm]

elster said:

Not for the past 5 years. Smaller companies especially have been struggling, I know very few people who have been getting pay rises, apart from promotions.

My lot only managed $13.4 billion net profit at 2009 year end

[jdw100]

elster said:

jdw100 said:

elster said:

jdw100 said:

thetapeworm said:

We haven't had any kind of pay adjustments here for approximately five years, difficult times, lucky to have a job etc etc. Fair enough and I'm happy enough to stay with what I have compared with a previous company where we ended up on 2 day weeks and eventual redundancy.

A lot of people seem to moan when they "only" get a "standard increase" to their salary each year to offset the "cost of living" and I was curious to see if I could calculate what I was missing over the period of static pay.

Can this just be calculated at something like 2.5% per year or is there a more specific "official" figure that can be applied? Obviously personal circumstances, location etc play a part in how much it costs to exist but I'm only looking for a relatively rough figure anyway.

I would have put this in the Finance section but it didn't seem to be specific enough to warrant special attention, on top of this the replies here are generally more amusing anyway

No pay rise for 5 years!?! Why don't you go elsewhere or into another line of work?

That is quite normal for most companies.

No its not. I can't think of anyone I know who hasn't had a rise in 5 years. At least 2 of those years would have been during some boom economic times. I'm truly amazed if thats really the case.

If a company didn't raise my pay for,say, two years, I would be off.

In any case I'm sorry to hear that you have been suffering financially like this - incredible....

Not for the past 5 years. Smaller companies especially have been struggling, I know very few people who have been getting pay rises, apart from promotions.

As before I'm honestly really suprised. My company is only ten people by the way.

[elster]

thetapeworm said:

elster said:

Not for the past 5 years. Smaller companies especially have been struggling, I know very few people who have been getting pay rises, apart from promotions.

My lot only managed $13.4 billion net profit at 2009 year end

Time to go in and start negotiating a rise then.

[MidlandDan84]

Makes me feel a bit lucky then, ive had a 19% increase in two years, im at a very small company but were doing well.......not all doom and gloom in the recession.

[elster]

jdw100 said:

elster said:

jdw100 said:

elster said:

jdw100 said:

thetapeworm said:

We haven't had any kind of pay adjustments here for approximately five years, difficult times, lucky to have a job etc etc. Fair enough and I'm happy enough to stay with what I have compared with a previous company where we ended up on 2 day weeks and eventual redundancy.

A lot of people seem to moan when they "only" get a "standard increase" to their salary each year to offset the "cost of living" and I was curious to see if I could calculate what I was missing over the period of static pay.

Can this just be calculated at something like 2.5% per year or is there a more specific "official" figure that can be applied? Obviously personal circumstances, location etc play a part in how much it costs to exist but I'm only looking for a relatively rough figure anyway.

I would have put this in the Finance section but it didn't seem to be specific enough to warrant special attention, on top of this the replies here are generally more amusing anyway

No pay rise for 5 years!?! Why don't you go elsewhere or into another line of work?

That is quite normal for most companies.

No its not. I can't think of anyone I know who hasn't had a rise in 5 years. At least 2 of those years would have been during some boom economic times. I'm truly amazed if thats really the case.

If a company didn't raise my pay for,say, two years, I would be off.

In any case I'm sorry to hear that you have been suffering financially like this - incredible....

Not for the past 5 years. Smaller companies especially have been struggling, I know very few people who have been getting pay rises, apart from promotions.

As before I'm honestly really surprised. My company is only ten people by the way.

If you asked around I think you would be surprised if you have been thinking people have been having a payrise every year. There isn't much going on for companies who have not been expanding.

[jdw100]

MidlandDan84 said:

Makes me feel a bit lucky then, ive had a 19% increase in two years, im at a very small company but were doing well.......not all doom and gloom in the recession.

yep, most people I know are doing prety well. I was abused a bit re this on another PH thread a few weeks back, however from my perspective its the truth.

As you say: its not all doom and gloom.

[elster]

jdw100 said:

MidlandDan84 said:

Makes me feel a bit lucky then, ive had a 19% increase in two years, im at a very small company but were doing well.......not all doom and gloom in the recession.

yep, most people I know are doing prety well. I was abused a bit re this on another PH thread a few weeks back, however from my perspective its the truth.

As you say: its not all doom and gloom.

No, there seem to be more small companies doing really well. Less corporate costs in my mind.

However also a lot more smaller companies struggling, as if you lose one or two major customers, then can have a huge impact on the company.