Pay rises running at 2.5%

Graham_Devon

So were told.

But this doesn't make any sense, 2.5% seems quite high compared to what everyone is saying.

How many job places is this incredible statistical data based on?

83. Yes. Eighty Three whole jobs.

And the company coming up with this data? Something that was found via text it seems... XpertHR

http://www.thisismoney.co.uk/money/news/article-2192601/Relief-hard-pressed-workers-gap-pay-rises-inflation-narrows-just-0-7.html

Thrugelmir

To be fair the article does say.

‘Even outside the public sector, we are still seeing one settlement in six resulting in a pay freeze.’

That's a lot of people in total not receiving any pay increase.

Certainly what I've seem in the past in the quasi public sector is a downgrading of jobs. To squeeze payroll costs lower. So annual increases alone do not show the full picture.

nicko33

Graham_Devon wrote: »

How many job places is this incredible statistical data based on?

83. Yes. Eighty Three whole jobs.

It says "83 settlements", so presumably many more jobs

Graham_Devon

nicko33 wrote: »

It says "83 settlements", so presumably many more jobs

A settlement to me, is a job placement? Have I got that wrong?

Generali

Graham_Devon wrote: »

So were told.

But this doesn't make any sense, 2.5% seems quite high compared to what everyone is saying.

How many job places is this incredible statistical data based on?

83. Yes. Eighty Three whole jobs.

And the company coming up with this data? Something that was found via text it seems... XpertHR

http://www.thisismoney.co.uk/money/news/article-2192601/Relief-hard-pressed-workers-gap-pay-rises-inflation-narrows-just-0-7.html

This is just an advert for XpertHR though. XpertHR produce some 'data' that can be typed up into a newspaper article in a matter of moments, the lazy newspaper posts it on the website hoping to get 300 comments saying 'I got a 10% rise this year and have a massive penis' or 'I got no pay rise and nor did any of my loser mates so they must be wrong'. Then newspaper X can go to their advertisers and show them how interactive they are and don't just have a passive readership.

The ONS provide very decent stats on pay through their labour survey and they use 1% of taxpayers (including those that only pay NI) to get their data set. They reckon the average rise was 1.6% Y-o-Y in the last 12 months.

nicko33

Graham_Devon wrote: »

A settlement to me, is a job placement? Have I got that wrong?

It could be, or it could be a company reaches a wage settlement with a union for 1000s of jobs.

robmatic

Graham_Devon wrote: »

So were told.

But this doesn't make any sense, 2.5% seems quite high compared to what everyone is saying.

How many job places is this incredible statistical data based on?

83. Yes. Eighty Three whole jobs.

And the company coming up with this data? Something that was found via text it seems... XpertHR

http://www.thisismoney.co.uk/money/news/article-2192601/Relief-hard-pressed-workers-gap-pay-rises-inflation-narrows-just-0-7.html

Why don't you just look at the AWE stats which are readily available online?

JonnyBravo

Graham_Devon wrote: »

But this doesn't make any sense, 2.5% seems quite high compared to what everyone is saying.

Well this isn't true, not everyone at least.
I've told you I got more than this. I got 3.75% this year.
My wife has heard she's got over 9%.
Put us down as a the reason for "skewed data" if you want.

What would you have guessed at? I'd have guessed at 2%. Asking 83 people is more people than I've asked though so their data is probably better than mine at least.

Another point is probably that those getting pay increases may be keeping a little more "schtum" about them than in the past.
Barring anonymity such as this forum of course!

Edit: phew gen's got the real data and I'm closer than XpertHR!

chewmylegoff

Graham_Devon wrote: »

So were told.

But this doesn't make any sense, 2.5% seems quite high compared to what everyone is saying.

How many job places is this incredible statistical data based on?

83. Yes. Eighty Three whole jobs.

And the company coming up with this data? Something that was found via text it seems... XpertHR

http://www.thisismoney.co.uk/money/news/article-2192601/Relief-hard-pressed-workers-gap-pay-rises-inflation-narrows-just-0-7.html

i'm not too sure about the headline either. 2.5% pay inflation whilst prices inflate at 3.2% is hardly a "relief".

survey: on average, everything is continuing to increase in price faster than your pay is going up, do you feel relieved?

respondent: no.

more to the point, pay has been inflating at about 2% for the last few years according to most sources i have seen, so really this is just a story about the rate of inflation decreasing.

pinkteapot

My company has frozen pay for the last five years. Any of you lot want to calculate how much worse off we are thanks to inflation and depress me on a Friday afternoon?

DpchMd

pinkteapot wrote: »

My company has frozen pay for the last five years. Any of you lot want to calculate how much worse off we are thanks to [STRIKE]inflation[/STRIKE] not getting a new job and depress me on a Friday afternoon?

There are alternatives - you only live once.