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Tightening Finances this year. Wage increases who got one.

Really2
Really2 Posts: 12,397 Forumite
10,000 Posts Combo Breaker
Mean as we have just got past April I thought it would be interesting to have a poll to see what effect inflation is having on wages.
No Points to score on this one just a genuine poll on what we personally are seeing.

Ps Messed up poll 10%+ should be 8%+ :)

What wage increase have you seen 142 votes

Up 0-1.99%
20% 29 votes
Up 2-3.99%
25% 36 votes
Up 4-5.99%
13% 19 votes
Up 6-7.99%
7% 10 votes
Up 10%+
14% 20 votes
Down 0-1.99%
9% 13 votes
Down 2-3.99%
2% 3 votes
Down 4-5.99%
3% 5 votes
Down 6-7.99%
0% 0 votes
Down 10%+
4% 7 votes
«13456

Comments

  • michaels
    michaels Posts: 29,488 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Down 60% :(
    I think....
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    Circa 2% Pay point increase plus increase in allowances. Although thats more of a change of entitlement than an actual raise.

    Next FFeb is a biggie - top rate and a 6% payrise!
  • dsab
    dsab Posts: 328 Forumite
    Part of the Furniture 100 Posts
    I am lucky enough to work for a IT company that has been making record profits for the last 16 quarters, or so. So got a decent bonus and a regular payrise of 7% a few weeks back.

    But now I just got lucky and have been (unexpectedly) promoted, and will get another 16% on top of that from June.

    I know it's not the norm, but nice to know that some companies make sure their employees get their share of the profits.
  • torontoboy45
    torontoboy45 Posts: 1,064 Forumite
    5% here, which sort of helps, given the fact that OH is on a 2yr pay freeze as a schoolteacher -- 'ooh, those nasty public sector workers'.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    i got a 10.3% payrise. you probably don't believe this, but then neither could i when i got the letter, so that's understandable.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Up about 30% net by going full time from contracting once you account for sick pay and holidays.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    i got a 10.3% payrise. you probably don't believe this, but then neither could i when i got the letter, so that's understandable.

    Similar to me I expected 3% and got 6.1%.

    Interesting thing here is as I had an inkling wages in general were going up more than I expected.

    If it carry's on we could expect a rate rise sooner than later to dampen down the effect.
  • Puddleglum
    Puddleglum Posts: 851 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    I teach and OH is self employed. Say no more but pass the hole punch for the belt.
    "A thousand candles can be lit from a single candle without shortening the life of that candle."

    I still am Puddleglum - phew!
  • quantic
    quantic Posts: 1,024 Forumite
    Part of the Furniture Combo Breaker
    This is a subject which really frustrates me, our company has not given anyone a cost of living increase for 6 years, even though they have done better each year then ever before. This year we where told due to rough economic times we would not be receiving one even though we had the best year in our companies history. I don't mind not receiving an increase if its for the best - longer term, but I feel like mine and other companies are using this recession as an excuse to take the michael with employee's.
  • System
    System Posts: 178,416 Community Admin
    10,000 Posts Photogenic Name Dropper
    12% last year, but only a 2.75% so far this year, hoping for another sneaky 5% in 3rd quarter.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
This discussion has been closed.
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