Help wanted

craigcall

Hi all

Not sure this is the right place to ask advice (mod's please move if not)

Company pay rises have been 3.75, 2.00 & 1.00 % from (07-08, 08-09, 09-10) which with the world as is I can't complain - however we have received a global email claiming that due "uncertain economic times" a low rise will help secure the company future. The was a company that declared

Key Data - 2009 Full Year results

2009 2008 % change
Revenue £3,970m £3,124m up 27.1%
Adjusted operating profit £229.7m £165.2m up 39.0%
Operating profit £212.1m £156.0m up 36.0%
Profit before tax £177.1m £136.1m up 30.1%
Adjusted earnings per share 29.53p 22.20p up 33.3%
Earnings per share 26.76p 20.49p up 30.6%
Dividend per share 6.25p 5.00p up 25.0%
Group free cash flow £137.3m £94.2m up 45.8%

2008-2009 was similar increase - Ok nice for the company - right my questions is

what is the net RPI/CPI for the period 2008-2010 - I don't begrudge the company doing well - that's why I work for them - I do begrudge having a 1% rise imposed when all indications are my hard work gives them a 36.0% increase in profits.

Before the flames start - yes I'am luck to have a job and any pay rise in these economic times should be good - just think me and my colleagues have been short changed this year.

Thanks in advance for you help and responses.

C

u751904

I guess one arguement they will say is what are their projected profits for the coming year? Sorry don't know ' what is the net RPI/CPI for the period 2008-2010.' What do I say its the coportate way of the life. I guess most of us who have been employed have felt the same at some point. I've always been a hired gun until recently when the decision was made for me. I am determined not to go back to that world. If you dislike it or keep questioning it why don't you consider starting a part time business and 'break away' ?

pelirocco

The biggest problem with yearly account they are only showing what has happened in the past, they bear little relation as to what is going on in the business now .