Annual Payrise (2017)

bamgbost

I believe most companies provide a small annual payrise (inflation increase) around this time of the year.


Speaking to friends it appears that this year the rise is slightly higher than in recent years. i.e. not the usual 1/1.5% but more a 2/2.5% this year.


Are people finding this to be true? Whats your 2017 payrise been?

TBagpuss

I don't think that 'most companies' provide a raise. I think that a lot of companies will do a finacial review and that may not happen until after they have the final figures for this year, so any review would be more likely to take place in April than March, following the ned of the finacial year (assuming that the compnay's finacial year runs with the tax year)

jobbingmusician

Try the voluntary sector. I don't know anyone working for a smaller charity who reliably gets an increase every year, and loads of charities haven't given their employees ANY increase for several years. (And quite a lot of people, myself included, have taken salary cuts due to diminishing resources....)

alumende27

Depends on the company. My employer does annual payrises in April but our tax year is Jan-Dec so they have a few months to figure out how much money they've got. I expect the payrise will average around 2% but we've had plenty of years with 0% payrises, usually when there are layoffs.

The comment about the voluntary sector is frustrating, I know a lot of smaller charities have hard times but I know people who work for some of the bigger ones who pay much higher salaries (6 figures) than I have ever seen in the private sector. Something went wrong somewhere along the line there...

TELLIT01

The size of payrise, and if there is one at all, is entirely down to the company. For quite a few years many organisations, particularly in the public sector, didn't give payrises to any but the lowest paid. It's no longer the way it was before the financial crash, where pretty much everybody would expect payrises which at least kept pace with inflation.