Who's getting an inflation based pay rise?

[Geffg]

Antony Moxey said:

Yazza54 said:

Rob_125 said:

Our firm gave us £1500 flat payrise across the board.

They played a blinder really (divide and conquer). Those apprentices on 13k got a mega payrise, those on 50k. Not so much.

They paid this 'early', out of the kindness of their hearts due to the cost of living crisis.....

There is no performance pay structure either, despite 'pay bands'. Really quite farcical, this is creating a situation where many people go for internal promotions to chase pay rises, but havnt been in post long enough to be any good.

Yeah that is crap, should always be by %

Why’s that? Without wishing to go all Socialist Worker I’d imagine someone on £13k could do with £1500 a lot more than someone on £50k.

I find percentage payrises suit the bosses better than the general workforce. They get a better rise than the lower paid and the gap between the lowest paid and highest widens. It’s always put across as being a fair way to give a pay rise but how is it when the more your earning the more pay rise you get. If everyone gets an amount then that is completely fair to everyone surely.

[Yazza54]

I prefer % rises but I think that % level should be determined by a number of factors like pay grade, performance and so on... But if they can't be arsed putting that level of thought into it I'd certainly prefer a blanket percentage than a blanket fixed sum. At least the percentage is in relation to your current packet whereas it's very difficult to give a figure to a fixed figure that's fair to everyone at every level.

[anonymous-user]

Countdown said:

95JO said:

I got 2% back dated to April which is the highest pay rise I've had since working here (Civil Service) although there are strikes imminently so hopefully something better is on the horizon although I doubt it.

The only positive I can take is that my job is practically 100% remote now (although not contractually) and obviously very secure. Also my DB pension will be uplifted by CPI in April so that's good.

Assuming you haven't retired yet, won't your DB pension be based on your final salary? I think it's only current pensioners who will get their pension uplifted by CPI (and even then i think it might be capped at 5% but I could be wrong)

Alpha civil service pension scheme is based on career average earnings, contributions are adjusted annually according to CPI. E.g. employee contribution for this financial year is about 7% whilst employers pay in just over 30%. The amount you get out at retirement therefore is protected.

[Countdown]

wormus said:

Countdown said:

95JO said:

I got 2% back dated to April which is the highest pay rise I've had since working here (Civil Service) although there are strikes imminently so hopefully something better is on the horizon although I doubt it.

The only positive I can take is that my job is practically 100% remote now (although not contractually) and obviously very secure. Also my DB pension will be uplifted by CPI in April so that's good.

Assuming you haven't retired yet, won't your DB pension be based on your final salary? I think it's only current pensioners who will get their pension uplifted by CPI (and even then i think it might be capped at 5% but I could be wrong)

Alpha civil service pension scheme is based on career average earnings, contributions are adjusted annually according to CPI. E.g. employee contribution for this financial year is about 7% whilst employers pay in just over 30%. The amount you get out at retirement therefore is protected.

I think Employee contributions are always fixed percentage of pensionable pay (regardless of what CPI is). Employer contributions will change based on the triennial valuation depending how what the deficit is. However CPI only affects either Active pensioners in receipt of a pension or deferred pensioners , and again there's normally an upper limit (its 5% on LGPS)

[95JO]

Countdown said:

95JO said:

I got 2% back dated to April which is the highest pay rise I've had since working here (Civil Service) although there are strikes imminently so hopefully something better is on the horizon although I doubt it.

The only positive I can take is that my job is practically 100% remote now (although not contractually) and obviously very secure. Also my DB pension will be uplifted by CPI in April so that's good.

Assuming you haven't retired yet, won't your DB pension be based on your final salary? I think it's only current pensioners who will get their pension uplifted by CPI (and even then i think it might be capped at 5% but I could be wrong)

I’m far from retiring, just over 40 years away from state pension although I do hope to retire much sooner than that!

Civil Service Alpha pension scheme as it is now is a career average scheme so it’ll be 2.42% of my annual salary each year plus uplifted each year based on CPI - I’m not aware of a cap on it either!

[Countdown]

95JO said:

I’m far from retiring, just over 40 years away from state pension although I do hope to retire much sooner than that!

Civil Service Alpha pension scheme as it is now is a career average scheme so it’ll be 2.42% of my annual salary each year plus uplifted each year based on CPI - I’m not aware of a cap on it either!

D'oh ignore me, Im being thick. I assumed you were in Final salary, it sounds like you're in a CARE scheme

[InitialDave]

Antony Moxey said:

Yazza54 said:

Rob_125 said:

Our firm gave us £1500 flat payrise across the board.

They played a blinder really (divide and conquer). Those apprentices on 13k got a mega payrise, those on 50k. Not so much.

They paid this 'early', out of the kindness of their hearts due to the cost of living crisis.....

There is no performance pay structure either, despite 'pay bands'. Really quite farcical, this is creating a situation where many people go for internal promotions to chase pay rises, but havnt been in post long enough to be any good.

Yeah that is crap, should always be by %

Why’s that? Without wishing to go all Socialist Worker I’d imagine someone on £13k could do with £1500 a lot more than someone on £50k.

Yes, I have no idea what I'm getting this year, but if my company did a similar flat rise across the board, I'd not be too put out. If the budget for a pay rise is X% increase in the wage bill, I can handle getting a lower % rise myself so the guys on the bottom rungs get a bit more relief from the current financial pain.

[otolith]

Geffg said:

I find percentage payrises suit the bosses better than the general workforce. They get a better rise than the lower paid and the gap between the lowest paid and highest widens. It’s always put across as being a fair way to give a pay rise but how is it when the more your earning the more pay rise you get. If everyone gets an amount then that is completely fair to everyone surely.

We have decided on a decreasing % increase with increasing salary.

[montymoo]

In order to prevent job losses from covid. 20 percent pay cut start of 2020,
Pay has just been restored. Essentially pay is back at 2019 levels. Company played a blinder imo, as they have reduced our pay rises over coming years too.
So no i guess.

[Squishey]

Rampant Golf said:

I'm getting an inflationary pay rise in April but they gave us 5% of it in October to cover the cost of living crisis. Very welcome and forward looking by the company.

We must work for the same company!!

[Sunday Drive]

We are awarding rises of 2% to 16% as it is a good opportunity to correct historic inequities.

The total increase across the entire wage bill is 6.5%.

[Tannedbaldhead]

Geffg said:

Antony Moxey said:

Yazza54 said:

Rob_125 said:

Our firm gave us £1500 flat payrise across the board.

They played a blinder really (divide and conquer). Those apprentices on 13k got a mega payrise, those on 50k. Not so much.

They paid this 'early', out of the kindness of their hearts due to the cost of living crisis.....

There is no performance pay structure either, despite 'pay bands'. Really quite farcical, this is creating a situation where many people go for internal promotions to chase pay rises, but havnt been in post long enough to be any good.

Yeah that is crap, should always be by %

Why’s that? Without wishing to go all Socialist Worker I’d imagine someone on £13k could do with £1500 a lot more than someone on £50k.

I find percentage payrises suit the bosses better than the general workforce. They get a better rise than the lower paid and the gap between the lowest paid and highest widens. It’s always put across as being a fair way to give a pay rise but how is it when the more your earning the more pay rise you get. If everyone gets an amount then that is completely fair to everyone surely.

And big OT earners.

As I stated earlier my employer was very quick out of the traps with an instant £200 payment and a promise of 4 quarterly £200 payments over this and the following year. They also froze the private mileage deductions on our company cars when diesel prices went through the roof.

At the time I thought this generous. Or rather I did till the buggers told us at pay review time our cost of living rise was covered by this payment. For me it amounts to ja rise of ust over 3% on my basic.

What hurts is I do a lot of overtime. The one off payment rather than a percentage increase means I don't get a single extra penny I can multiply by time and a half. This gives my employer a four figure saving on a usual (even small) percentage increase.

It's a dangerous game mind you. The disincentive has put me off working weekends. I know what fees I earn my employer and at the cost of a few hundred pounds in lost OT to myself I can wipe out thousands in lost fees. This has been noted and discussed by all the staff and it's pretty much the attitude of a vast majority of the staff.

Our employer will learn the hard way.

[911hope]

Geffg said:

Not all NHS get the pension increase. Depends on your contract. The new gender for change contracts are different. The most the nhs pay into pension is matched if you put 6% in they put 6% which is decent compared to a lot of companies though.

NHS pension is a DB scheme (final salary), contribution matching is a feature of DC schemes.

NHS DB scheme contribution rates are vary between 5 and 14.5% depending on salary.

Easy to look this stuff up.

[Raymond Reddington]

Mrs has come home today with news of 13.7% plus a one off payment of £250. That would be nice!

[soupdragon1]

Yazza54 said:

I prefer % rises but I think that % level should be determined by a number of factors like pay grade, performance and so on... But if they can't be arsed putting that level of thought into it I'd certainly prefer a blanket percentage than a blanket fixed sum. At least the percentage is in relation to your current packet whereas it's very difficult to give a figure to a fixed figure that's fair to everyone at every level.

Blanket % increases aren't a good method across a business

Take person A at £25k and person B at £50k

Give them 10% payrises annually.

In 5 years, the pay gap goes from £25k to £40k

[Antony Moxey]

soupdragon1 said:

Yazza54 said:

I prefer % rises but I think that % level should be determined by a number of factors like pay grade, performance and so on... But if they can't be arsed putting that level of thought into it I'd certainly prefer a blanket percentage than a blanket fixed sum. At least the percentage is in relation to your current packet whereas it's very difficult to give a figure to a fixed figure that's fair to everyone at every level.

Blanket % increases aren't a good method across a business

Take person A at £25k and person B at £50k

Give them 10% payrises annually.

In 5 years, the pay gap goes from £25k to £40k

Indeed. It’s not difficult to give a fixed figure either. There’s obviously a fixed amount that’s been set aside for pay rises so just divide it by the number of employees. Everyone gets the same, easy to work out.

[Joeywinkle]

Public Sector - Got 5% from last month's pay backdated to August 1st - luckily I also (finally!) secured the promotion i've been after for a year or so now on the 27th July so a nice double whammy.

Others in the company not so fortunate - TUPE's got really really done over

[snuffy]

soupdragon1 said:

Blanket % increases aren't a good method across a business

Take person A at £25k and person B at £50k

Give them 10% payrises annually.

In 5 years, the pay gap goes from £25k to £40k

If person A wants person B's salary, then they need to do person B's job.

[skinnyman]

We got 6.5% and £1500 for 2022. Rumour is the union is going for RPI+2% in March 2023, so that'll be fun.

We did have a company wide meeting last week telling us how incredibly well things are going, and how there's 60-80% growth expected over the next few years, but I'm sure they'll be no money for payrises.

[Gary29]

We're getting 3% from January and an additional 2% from April '23.

Plus a company performance related bonus (same across the board) this month, equates to around 3% annual salary for me.