Who's getting an inflation based pay rise?
Discussion
Monkeylegend said:
SteveStrange said:
5%. And I got a call from a director telling me that I was the exception, none of the rest of the team were getting anything like that, and I shouldn't broadcast it. I was both pleased and annoyed at the same time.
Don't worry, they told all other employees the same to make you all feel special.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.
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.
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)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.
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.
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.
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 %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.
I’m in construction (commercial side of things) and mine is 10% this year. Bonuses are being announced soon but I’m hoping for 10% there as we’ve had the best year so far.
OH also works in construction but in much smaller company and isn’t expecting much , it’ll probably be 3-5% and a small token bonus
OH also works in construction but in much smaller company and isn’t expecting much , it’ll probably be 3-5% and a small token bonus
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 %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.
Antony Moxey said:
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.
It depends how long you're planning to stay with a company. Compounded, a percentage increase is usually always more beneficial over the following years than a one off payment.WonkeyDonkey said:
Antony Moxey said:
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.
It depends how long you're planning to stay with a company. Compounded, a percentage increase is usually always more beneficial over the following years than a one off payment.b
hstewie said:
hstewie said: About 5% and a bonus (probably a couple of percent assuming the numbers add up at the end of the year).
Personally I thought that was pretty decent considering it's 5% forever even if inflation drops back down.
Seems to be a poor understanding of how inflation works. Say for arguments sake that inflation is 5% and you get a 5% rise then you’re even. If the next year inflation is down to 2% you are not up by 3 % but down by 2% unless they give you another inflation equalling pay rise.Personally I thought that was pretty decent considering it's 5% forever even if inflation drops back down.
I can see it from both points of view. That said an apprentice on 13k is not likely to have the outgoings of someone earning 50k trying to support their family.
It was always going to get voted in, due to the natural company structure. That said with each similar decision the firm becomes less competitive in the employment market, at a time when they need good people. It also closed the gap between the different pay bands, so it is unlikely they could reasonably pull this one again.
To be honest the biggest issue is lack of performance pay structure/progression within the banding structure.
It was always going to get voted in, due to the natural company structure. That said with each similar decision the firm becomes less competitive in the employment market, at a time when they need good people. It also closed the gap between the different pay bands, so it is unlikely they could reasonably pull this one again.
To be honest the biggest issue is lack of performance pay structure/progression within the banding structure.
Man of gas said:
Seems to be a poor understanding of how inflation works. Say for arguments sake that inflation is 5% and you get a 5% rise then you’re even. If the next year inflation is down to 2% you are not up by 3 % but down by 2% unless they give you another inflation equalling pay rise.
I'm assuming there's what I'd consider an acceptable (to me) rise each year.I'd still prefer to take those and let them compound over a one time bonus (unless obviously it's a massive bonus
).snuffy said:
Isn't driving a bus a bit dangerous whilst fiddling around with WhatsApp?
That was my argument. That, and that previous groups have always descended into unnecessary chat and banter. Management took it on board and stipulated that any messages had to be concise and relevant, and any misuse would result in the bonus rate being withdrawn for that week.
We're also strictly forbidden to use phones while the engine is on and we're in the cab. Though I'm sure it suits them for us to ignore that rule when the s
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