Companies who have frozen wages - when will we see inflation inline increases

chewmylegoff

Gra76 wrote: »

The construction industry is flat and has been for a while. The company I work for is contracted to certain insurers so there's job security in it, which is another big reason not to leave at the moment!

this is a good reason to stay but it just shows that the company you work for has increased bargaining power over its employees in respect of rates of pay in the current climate as a result of the job security that it offers.

Dribley

Turnbull2000 wrote: »

4 solid years of pay freezes so far at my firm. That must amount to a 15% pay cut or so by now?

Some staff in a Southern based office went through a 4 day week over 12 months i.e. 20% cash pay cut.

I bet you're a right bundle of laughs at work:rotfl: has your Sister frozen your rent?;)

StevieJ

Conrad wrote: »

Yes, somehow British people who spend much of thier time seeking lowest priced goods, do not make the connection with wage levels.

If you buy Chinese printers, don't think we can somehow magic higher British wages.

I have just noticed that the bag of Walnuts I purchased from Tesco are imported from China, they weren't cheap and I don't believe we can't grow our own for a similar price.

grizzly1911

Conrad wrote: »

Yes, somehow British people who spend much of thier time seeking lowest priced goods, do not make the connection with wage levels.

If you buy Chinese printers, don't think we can somehow magic higher British wages.

You are right and no doubt people will continue to buy Ford even though they are selling out of the eurozone.

That is the underlying problem with this country.

ILW

Gra76 wrote: »

I work for a relatively small private company emplying around 20 staff, and for the last 4 years I've seen a total of 2% pay increase in that time, mainly because our new MD has decided that he thinks we're all paid too much to start with....which I can assure you we're not!

I work 50 hour weeks but if I worked a fairly standard 40 hour week I'd be a fraction above the national average, so we get paid fairly well only due to the hours we work, not the hourly rate.

He decided he wasn't giving pay rises last year and has said the same this year. Yet he's been on 4 holidays abroad this year already, and is due to go to Dubai for 2 weeks next Wednesday....on top of which he's just bought a brand new BMW X5. To replace his 3 year old X5. Which he's just bought from the lease company so his wife can have it to replace her 3 year old Audi TT 3.2 Quattro.

He wouldn't pay any bonuses out last year because he said the company didn't make any money. He said there's unlikely to be any bonus this year because again, he says we haven't made any money. I'm not surprised looking at the money he's spending on himself. Last christmas the entire office staff left in unison when the MD came through and said there were no bonuses, but we could draw lots on how a few cans of beer and a couple of bottles of wine were shared out. These were brought in by suppliers and customers...he didn't buy these either.

On top of that, the previous MD (his father in law) is still creaming a salary out of the company, even though he's supposedly retired.

I love private companies.

Not seeing a wage increase doesn't annoy me as much as it does that the MD is peeing money up the wall in plain sight and then saying he can't afford to give pay rises...

Start your own company then. nobody is stopping you.

Zero_Sum

The_White_Horse wrote: »

if public sector workers don't get a pay rise (hahaha) for a decade they will still be too highly paid.

you're so bitter, its actually quite funny

Loughton_Monkey

StevieJ wrote: »

I have just noticed that the bag of Walnuts I purchased from Tesco are imported from China, they weren't cheap and I don't believe we can't grow our own for a similar price.

I actually bought some Cashew nuts from China. [Honestly].

N1AK

milliemonster wrote: »

Thanks for this, as a nurse in the public sector who trained for over 3 years and then has continued to study post grad and work hard for many years I am still only paid £11 an hour, it's quite hurtful that people in the private sector feel that I am 'overpaid'

It probably doesn't help that many public sector workers in a similar poisition go on about how they 'only' earn £x. The £11 you earn is already near double the minimum wage which millions of people are paid; in addition to which you get an extremely generous pension scheme, great benefits, a far more stable job, and hopefully meaningful fulfilling work.

The person who picks the vegetables you eat (assuming it's in the uk) will be getting a package worth 1/3rd for long shifts of hard labour. You already earn considerably more than the national average wage (accounting for pension and benefits).

As I saying your overpaid? No, because I honestly can't judge. You clearly don't appreciate just how well off you already are. Wages aren't determined by the qualification required to do it, if it was scientists would be paid vastly more, it is based on the rate required to hire someone to do the job. Clearly what you are paid is sufficient to do that.

grizzly1911

N1AK wrote: »

It probably doesn't help that many public sector workers in a similar poisition go on about how they 'only' earn £x. The £11 you earn is already near double the minimum wage which millions of people are paid; in addition to which you get an extremely generous pension scheme, great benefits, a far more stable job, and hopefully meaningful fulfilling work.

The person who picks the vegetables you eat (assuming it's in the uk) will be getting a package worth 1/3rd for long shifts of hard labour. You already earn considerably more than the national average wage (accounting for pension and benefits).

As I saying your overpaid? No, because I honestly can't judge. You clearly don't appreciate just how well off you already are. Wages aren't determined by the qualification required to do it, if it was scientists would be paid vastly more, it is based on the rate required to hire someone to do the job. Clearly what you are paid is sufficient to do that.

As a near monopoly employer, by whom the bench mark private sector rates are also set, then the Government can pay what they want.

In my view she is underpaid for the level of qualification and skill required, by said employer to, do that job.

I really don,t think you can measure it against a potato picker where qualifications and proven skills/experience are not a prerequisite.

You fail to mention that millie will also be doing 24/7 rotating shifts and will be lifting, moving , heavy weights in a physically demanding role.

Many people are driven by vocation rather than money, thank god, it doesn't mean they should be abused. I would put most scientists in that camp too.

If we compare that person to a city cowboy I know who I would rather be rewarding.

Nice signature, BTW, I wonder where your priorities lie.

CLAPTON

StevieJ wrote: »

I have just noticed that the bag of Walnuts I purchased from Tesco are imported from China, they weren't cheap and I don't believe we can't grow our own for a similar price.

China is the world's biggest producer of walnuts (USA being the second) so maybe not entirely surprising they export a few.

Whether we can produce them cheaper than China is not the relevant issue; the issue is can we use the land more profitably for crops other than for walnuts.