Changing pay anniversary from 12 months to 15 months

Clivek77

My employer is reportedly moving the pay review date after just having awarded 2.1% this year.

The next pay review will be 15 months away instead of the normal 12 months.

People are claiming that this results in the pay award being in real terms 1.8% for 15 months.

I can't quite understand it as I worked out the monthly value and subtracted 3x that from 2.1% and came up with 1.57%


Can anyone with strong maths skills break this down so it can be discussed rationally?

thanks,

Clive:rotfl:

getmore4less

What they are saying is the is the 2.1% has to stretch for 15 month

They will need to explain their working none of the sensible ones get 1.8


All irrelevant as it is up to the employer what rises they give and when unless there is an agreement in place that has guarantees in it.

Clivek77

Of course they can give what rises they like, but this is about the information betting presented truthfully.

I wish to prove or disprove the 1.8% claim, or quantify the effect moving the pay date to 15 months has on the pay award as claimed.

If you could list one of the sensible options for working this out it would quite obviously settle this.


Looking forward to your explanation 👍:beer:

TELLIT01

If the employer has told staff they are getting a 2.1% payrise, and then at a later date say they are moving the review date back 3 months it might be interpreted as a bit underhand, but it's not illegal and there's nothing much you can do unless you want to get unions involved and the potential hassle of 'industrial action'.
It's still a 2.1% payrise, it's simply not going to change for a longer period.

Clivek77

There is union involvement and they are claiming the 1.8%

I want to verify both sides claims but need someone with strong maths to explain.
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ScorpiondeRooftrouser

I don't really see why it matters.

The only "loss" though is between what you are being paid for the 3 extra months and what you might have been paid for the 3 extra months. They might have given you a 0% payrise in 12 months time anyway. As you don't know this figure I don't see how you can make a calculation.

nicechap

Clivek77 wrote: »

My employer is reportedly moving the pay review date after just having awarded 2.1% this year.

The next pay review will be 15 months away instead of the normal 12 months.

People are claiming that this results in the pay award being in real terms 1.8% for 15 months.

I can't quite understand it as I worked out the monthly value and subtracted 3x that from 2.1% and came up with 1.57%


Can anyone with strong maths skills break this down so it can be discussed rationally?

thanks,

Clive:rotfl:

I presume the 2.1% is instant from date of implementation, and you will not have to wait for 15 months until the payrise happens? In which case, you need your union to argue that the next pay rise needs to take account of 15, rather than 12 months worth of CPI/ RPI or equivalent wage rises in similar industries.

There are multiple mathematical ways of getting to 2.1%, it could be monthly compound (which at 12 months I make it 1.55%, daily, weekly or quarterly compound will give different figures) or it could be additive, (e.g. 1.8% at 12 months and another 0.3% at 15 months) but are only relevant to the next negotiation.

Clivek77

Mathematical answers only please.

The politics doesn't matter, because if the maths can't be explained it will be decided by who shouts the loudest as you all can imagine.

Or is it the way i worked it out, which still doesn't coincide with the 1.8%?

Suppose the only sensible reaction is to ask for whatever rise is given at the extension be backdated to the 12 month period end

Clivek77

This guy gets it ☝️☝️☝️:beer:

Clivek77

Yes it's been awarded . It's just the date for the next rise had, understandably, been moved to coincide with the new owners accounts.

It's just quantifying the effect.

Clivek77

If you could show the workings it is case closed!

Thanks.