Cost of living increase in salary - as at 9th October?

[aclivity]

I understand there are few finance-savvy people on here, hope this is a simple question.

I'm on the governing body of a primary school; we pay a nominal salary to the clerk to the governors. We agreed to a "cost of living" increase on the 9th October; however we didn't fix a percentage at that point.

What is the most appropriate "cost of living" rate to use - retail price index doesn't include fuel costs IIRC? Is there a handy source of a reasonable cost of living rate year on year, that I can refer to as at 9th October?

We are only talking about a nominal salary here, so it's not as though I want to come up with as low a rate as possible - just a reasonable rate increase that has some grounding in published, realistic figures?

All responses gratefully received.

Andy

[maxrider]

I got a 3% rise.
My fuel bills have just gone up 30%
HTH

[172ff]

Assuming the school is local authority. The cost of living increase for admin staff on the NJC scale was 2.45% this year. I believe the unions are still messing about though.

[largerandrock]

PAY RISE you must be fking joking!

[aclivity]

The school is a voluntary aided school - it's a church school. Does that make a difference to the pay award? 2.45% of what is essentially a very modest honorarium doesn't amount to very much at all.

Edited by aclivity on Thursday 6th November 13:17

[aclivity]

largerandrock said:

PAY RISE you must be fking joking!

why?

[rude-boy]

aclivity said:

largerandrock said:

PAY RISE you must be fking joking!

why?

Becasue most are, at best, hoping to be told just that there are to be no pay cuts this year.

[NoelWatson]

aclivity said:

I understand there are few finance-savvy people on here, hope this is a simple question.

I'm on the governing body of a primary school; we pay a nominal salary to the clerk to the governors. We agreed to a "cost of living" increase on the 9th October; however we didn't fix a percentage at that point.

What is the most appropriate "cost of living" rate to use - retail price index doesn't include fuel costs IIRC? Is there a handy source of a reasonable cost of living rate year on year, that I can refer to as at 9th October?

We are only talking about a nominal salary here, so it's not as though I want to come up with as low a rate as possible - just a reasonable rate increase that has some grounding in published, realistic figures?

All responses gratefully received.

Andy

RPI was 4.8%

[Ment-Al]

NoelWatson said:

aclivity said:

I understand there are few finance-savvy people on here, hope this is a simple question.

I'm on the governing body of a primary school; we pay a nominal salary to the clerk to the governors. We agreed to a "cost of living" increase on the 9th October; however we didn't fix a percentage at that point.

What is the most appropriate "cost of living" rate to use - retail price index doesn't include fuel costs IIRC? Is there a handy source of a reasonable cost of living rate year on year, that I can refer to as at 9th October?

We are only talking about a nominal salary here, so it's not as though I want to come up with as low a rate as possible - just a reasonable rate increase that has some grounding in published, realistic figures?

All responses gratefully received.

Andy

RPI was 4.8%

Being fair, I'd go with that.