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Tightening Finances this year. Wage increases who got one.

1246

Comments

  • misskool
    misskool Posts: 12,832 Forumite
    10,000 Posts Combo Breaker
    no pay rise.

    but increases in NI means I get less every month. It's an inadvertent pay cut for me. Thank you George
  • hillcats
    hillcats Posts: 899 Forumite
    Part of the Furniture 500 Posts Photogenic
    5.2% is guaranteed from 1st Jan.
    Not however seen a single penny of it yet, back pay due soon...
    ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
    NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
    BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 2027
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    quantic wrote: »
    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.


    This is a little like my husband's employers. However, when others in his industry were laying off his employers kept people on, doing pro bono work till things picked up. Staff were consulted and it was agreed back then that suspending bonuses and stopping increases to the band payments was preferable to redundancies in the UK office. However, the office remained in profit despite cut work loads and the pay band amounts have remained as they were in...what 2007? HOWEVER, people do still continue to progress through the bands each year (e.g. DH got an 8% increase this year) and small bonuses were quickly reintroduced. (these are applied evenly across the office, according to pay band but not individual performance related ). A lot of DH's peers are complaining about the bands not increasing to reflect cost of living increases, and DH like I would, pretty much tells them to be grateful they were employed doing something useful when they could have been on their ears. (none of them are anywhere near a bread line.)
  • quantic
    quantic Posts: 1,024 Forumite
    Part of the Furniture Combo Breaker
    Bands? HA. The guy I sit next to has had a 4% pay increase in 9 years. The only thing that increases here is our profits.
  • Brallaqueen
    Brallaqueen Posts: 1,355 Forumite
    0.5 % increase for the past two years running (better than a kick in the teeth, but only just). I also went up the payscale increment at work this month (approx £30 a month)

    I'm very grateful for my lodger these days.
    Emergency savings: 4600
    0% Credit card: 1965.00
  • new_home_owner_3
    new_home_owner_3 Posts: 1,191 Forumite
    were i work we got a 5 percent rise last november and we also get inflation plus 0.5 percent this november.
  • nearlyrich
    nearlyrich Posts: 13,698 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Hung up my suit!
    I got a 10% plus pay review backdated from January and a one off bonus and my quartely bonus for a target that I wasn't expecting to hit so all in all quite a good result.
    Free impartial debt advice from: National Debtline or Stepchange[/CENTER]
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    No pay rises for me for the last four years – but then book publishing is not having a good time at the moment overall. However, I now have a company pension, to which the company contributes, which counts as a bit of a pay rise.
  • auroan
    auroan Posts: 241 Forumite
    misskool wrote: »
    no pay rise.

    but increases in NI means I get less every month. It's an inadvertent pay cut for me. Thank you George

    Blaim the idots brown and darling for that one not osborne

    Back OT I got 5.6%
  • ultrawomble
    ultrawomble Posts: 492 Forumite
    0.4% (work in HE) - which translates to an extra £1/month in the pocket after the recent changes to NI and income tax. :(
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