Who's getting an inflation based pay rise?
Discussion
Antony Moxey said:
Gooose said:
We had a promised inflation rate pay rise promised last year, it was promised because of all the extra work and change in our jobs roles the company agreed with the unions.
Obviously as the time came the company said the will give a 6% raise and 2k one off or an inflation rise and the threat of job cuts.
The unions put the vote out and the members agreed the 6% and 2k for Xmas deal. Pisses me right off how people can’t see how the 2k is just a bribe, i spoke to loads of people who were chuffed with the 2k!
Depends if the 2k is part of the pay rise or not. Ours was, so basically my salary is now 2k higher, if yours is just a single lump sum payout then agree you’ve got a raw deal.Obviously as the time came the company said the will give a 6% raise and 2k one off or an inflation rise and the threat of job cuts.
The unions put the vote out and the members agreed the 6% and 2k for Xmas deal. Pisses me right off how people can’t see how the 2k is just a bribe, i spoke to loads of people who were chuffed with the 2k!
Just announced that I'm getting 5% (private company owned by a pension firm) which seems fair. For all staff who are paid less than £25k a year, they also all got a £1000 extra payment this month with the cost of living.
I'm not one to moan much, I'm well paid as is my wife so I'm not going to start demanding 11-12% when the company has to find a balance.
I'm not one to moan much, I'm well paid as is my wife so I'm not going to start demanding 11-12% when the company has to find a balance.
Someone made a good point about the flat rate % across the board and how it's creating larger pay gaps. Good to see that at least some companies are giving the less well paid an extra cash payment on top of a rise.
What else stinks a little are bonus payments. I work in a team of 40+ people, the lower paid folk get 5% bonus, 10% for the semi-skilled, 15% for the Engineers (me) and 20% for Managers and Directors. It doesn't sit well with me when there are equally hard working people around me that ultimately contribute as much to the team but are on lower wages and will receive a smaller cut some bonus time.
What else stinks a little are bonus payments. I work in a team of 40+ people, the lower paid folk get 5% bonus, 10% for the semi-skilled, 15% for the Engineers (me) and 20% for Managers and Directors. It doesn't sit well with me when there are equally hard working people around me that ultimately contribute as much to the team but are on lower wages and will receive a smaller cut some bonus time.
JESTER_ST1 said:
Someone made a good point about the flat rate % across the board and how it's creating larger pay gaps. Good to see that at least some companies are giving the less well paid an extra cash payment on top of a rise.
What else stinks a little are bonus payments. I work in a team of 40+ people, the lower paid folk get 5% bonus, 10% for the semi-skilled, 15% for the Engineers (me) and 20% for Managers and Directors. It doesn't sit well with me when there are equally hard working people around me that ultimately contribute as much to the team but are on lower wages and will receive a smaller cut some bonus time.
I’ve been involved in a lot of budget setting /pay suggestions in my time & it’s amazing how many people don’t understand the “little guys” What else stinks a little are bonus payments. I work in a team of 40+ people, the lower paid folk get 5% bonus, 10% for the semi-skilled, 15% for the Engineers (me) and 20% for Managers and Directors. It doesn't sit well with me when there are equally hard working people around me that ultimately contribute as much to the team but are on lower wages and will receive a smaller cut some bonus time.
I’m 100% behind giving chunks rather than %’s (as a small part of a small salary is even smaller!! & recognising when people go above & beyond.
However, it is very rare that across a variable skilled team everyone contributes the same amount (if they did why don’t they all get paid the same?).
The example I used to give in discussions was the receptionist v the project manager. Some will harp on about them both being essential & being part of the team, but the reality is one is far more invested & important in the success or failure of the organisation than the other. The receptionist could have little worry once they step outside those doors in their fixed set hours, whereas a project manager is not usually 9-5 & has a lot of responsibility. I could replace a receptionist practically seamlessly in an organisation in a matter of hours with little business impact (likewise they could prob move just as easily) but a project manager is a completely different kettle of fish, if an organisation makes profits it’s potentially down to them rather than the person opening the mail.
It’s also worth remembering a bonus needs to be motivating, consider the higher paid have higher expectations as a rule as well as higher taxation rates etc. Many bonus structures I’ve seen work around this, if you lose more than half a bonus in taxation & also lose child benefit it can rapidly become a bit depressing & not be the reward it’s intended to be.
I’ve managed just over 30% net increase this past year. A move back to an ex employer and then a promotion shortly afterwards helped. This does sound a lot but my area of work (F&B) has been hugely underpaid for years. Covid has helped redress the balance somewhat but has also played a role in a massive increase in bankruptcy and inflated costs.
They also included a 0.8% (surprise) netto bonus which was nice but still somewhat jarring considering all profit records were (well) broken for my department in 2022. I’m looking forward to 2023 but it will be a huge amount of work trying to maintain the current level of success especially as costs continue to spiral.
I did forget to add that the government paid a, taxable, energy payment of 300€ but I’m not sure if that would count towards a bonus.
They also included a 0.8% (surprise) netto bonus which was nice but still somewhat jarring considering all profit records were (well) broken for my department in 2022. I’m looking forward to 2023 but it will be a huge amount of work trying to maintain the current level of success especially as costs continue to spiral.
I did forget to add that the government paid a, taxable, energy payment of 300€ but I’m not sure if that would count towards a bonus.
Edited by krallicious on Monday 9th January 16:56
Just got ours through the other day thought I’d update this thread.
7.5% raise, over double what we normally receive, however after nothing being offered 20-21 & 21-22 ‘due to current climate’, It’s seems like they’ve just given us what was taken previously.
Makes me bewildered the teachers Union turned down 11.5%, backdated.
7.5% raise, over double what we normally receive, however after nothing being offered 20-21 & 21-22 ‘due to current climate’, It’s seems like they’ve just given us what was taken previously.
Makes me bewildered the teachers Union turned down 11.5%, backdated.
I'm one of those private sector w-anchors who's getting a massive pay rise that peeps should strike to try and match.
Except the reality is: 0% this year, 2.5% last year, 1.7% the year before and another 0% the year before that.
Massive real terms cuts that compound into even bigger losses over the coming years.
Jump ship time or maybe I'll be happy just to have a job/security in 12 mths time.
Except the reality is: 0% this year, 2.5% last year, 1.7% the year before and another 0% the year before that.
Massive real terms cuts that compound into even bigger losses over the coming years.
Jump ship time or maybe I'll be happy just to have a job/security in 12 mths time.
I'll be amazed if we get more than 3%. We got something like 2% last year. Very much on the plus side the bonus pool is paying out at 100% this year and that gives me the equivalent of 15% of my base salary so well worth having.
I'll be annoyed with such a small payrise though considering we are a very successful company and it seems wrong to watch the employees get poorer and expect the same results.
I'll be annoyed with such a small payrise though considering we are a very successful company and it seems wrong to watch the employees get poorer and expect the same results.
ZedLeg said:
My new contract with a 14% pay rise starts on Monday.
I got a new job and am 2 weeks in. 32% raise + 20% bonus potential (last place paid no bonuses). Had another call today about a different similar job with a 44% raise based off my previous job but no bonus. Have scheduled a call with them as it might be better/worse and tbh I’m at a point now where I’m gonna put myself first.Good for you guys above
It is different when you move though, I think this thread is more about getting a raise in a current role.
But I absolutely believe that if they don't give you what you want then it's on you to go and get what you want, you go to work to earn money and they employ you to make them money, if that relationship is lobsided then f
k them.
It is different when you move though, I think this thread is more about getting a raise in a current role.
But I absolutely believe that if they don't give you what you want then it's on you to go and get what you want, you go to work to earn money and they employ you to make them money, if that relationship is lobsided then f
k them. ashleyman said:
ZedLeg said:
My new contract with a 14% pay rise starts on Monday.
I got a new job and am 2 weeks in. 32% raise + 20% bonus potential (last place paid no bonuses). Had another call today about a different similar job with a 44% raise based off my previous job but no bonus. Have scheduled a call with them as it might be better/worse and tbh I’m at a point now where I’m gonna put myself first.Luxembourg's index increases are 3 x 2.5% this year!
I don't get it as my contract is based in the USA, where they give zero %.
I haven't had an increase for a couple of years. Did get a bonus last year though
Company got taken over but big scary American firm. My new boss says don't worry we are REALLY good at given proper annual pay increases. I said oh great, do you know roughly how big that will be. 2-3 %. Big fking deal. Oh and the bonus scheme has stopped.
Now they can't work out why people are leaving in droves, including me.
Company got taken over but big scary American firm. My new boss says don't worry we are REALLY good at given proper annual pay increases. I said oh great, do you know roughly how big that will be. 2-3 %. Big f
king deal. Oh and the bonus scheme has stopped.Now they can't work out why people are leaving in droves, including me.
The Leaper said:
My State pension will increase by about 10% in April, so I will get a further £900 or so, less tax of course. My community charge will increase by close on 5%, so an additional £350, no tax allowance of course. Other things have/are/will increase too. Just sayin'
R.
Your coucil tax is £7,000 ?R.
(assuming when you say "community charge", you are referring to council tax that is.)
Edited by snuffy on Friday 17th February 11:40
Current employer runs on a standard across the board rise then award individuals additional for performance.
Last year across the board the entire company got 3% rise. On top of that I personally received an additional 4%, total 7%. Plus a 2.5% bonus.
I’ve decided to jump ship and unfortunately won’t get to find out this years pay rise or bonus as they’ve moved the announcement from February to April and I leave in 2 weeks time.
That said the new role provides a 12% pay rise, 10% bonus (or 10% of net profit whichever is greater) and 10% on all commission/fee brought in.
Last year across the board the entire company got 3% rise. On top of that I personally received an additional 4%, total 7%. Plus a 2.5% bonus.
I’ve decided to jump ship and unfortunately won’t get to find out this years pay rise or bonus as they’ve moved the announcement from February to April and I leave in 2 weeks time.
That said the new role provides a 12% pay rise, 10% bonus (or 10% of net profit whichever is greater) and 10% on all commission/fee brought in.
Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff