Inflation pay rise

w00519773

I will receive an inflationary pay rise of 1.5% in the next few months.  I would be grateful to hear how this compares to others who are still fortunate to be working in the current pandemic.  I had a look here to discover that the current inflation rate is 0.9%: https://www.ons.gov.uk/visualisations/dvc409/calc/index.html, so it sounds reasonable to me.
The reason I ask is because I don't fully understand how inflation is affected by the pandemic.

TELLIT01

The inflation rate used for pay rises isn't necessarily the current rate.  Often there will be something in the contract of employment stating what date is used.  That's certainly the case with a number of pensions I have, they have different dates for their calculation.

General_Grant

w00519773 said:

I will receive an inflationary pay rise of 1.5% in the next few months.  I would be grateful to hear how this compares to others who are still fortunate to be working in the current pandemic.  I had a look here to discover that the current inflation rate is 0.9%: https://www.ons.gov.uk/visualisations/dvc409/calc/index.html, so it sounds reasonable to me.
The reason I ask is because I don't fully understand how inflation is affected by the pandemic.

Without a working crystal ball, nobody knows.

Doshwaster

Our pay rise this year is 0%. There was a rise scheduled for April but it got put on hold until the world gets back to normal.

sharpe106

From reading on a fair few posts on here a lot of people will be getting a negative pay rise. So probably be happy with what you are getting in the current climate. 

antonic

Civil Service are going to be offered between 1.5% and 2.5% ( I expect 1.5%).
Which is still a pay cut as inflation is at 2.6%

w00519773

I am in my current role for the last twelve years.  I had my annual PDR recently and my manager seemed surprised that I had not asked for a pay rise beyond inflation - we are signing my PDR later this week.    I have not asked for such a pay rise since 2015 when I was offered another job and persuaded to stay by the director - this also happened in 2012.  In 2015 the director said I am the top performing member of staff and my pay will be reviewed in a few years.  I am looking for an above inflation pay rise now.  I believe I have two options:
1) Ask for a pay review once I have more information at hand in the future.  This acknowledges the current situation were everyone is struggling.  Over the next few months find some jobs similar to mine in the local area (e.g. the one I was offered - there are no jobs at the moment) and use that data to persuade my employer to offer me a pay rise in a future monthly 121.
2) Ask for the figure I am after now with no data to back this up.  The company that offered me a job in 2015 called in November last year with the figure I was after.

JamoLew

antonic said:

Which is still a pay cut as inflation is at 2.6%

are you sure - can you link a source for that please

El_Torro

In my experience annual pay rises are not that closely linked to inflation. They're more closely linked to how the company is performing and what they can actually afford to give as a pay rise that year. 

[Deleted User]

Annual pay review this year gave me a 0% Pay rise.
Covid also gave me a 20% pay cut and a 4day week, which has been a delight