NOW OPEN: the MSE Forum 'Ask An Expert' event. This time we'd like your questions on TRAVEL & HOLIDAY DEALS. Post by Wed and deals expert MSE Oli will answer as many as he can.

Annual Payrise this year

245

Replies

  • A_Random_ManA_Random_Man Forumite
    1.1K Posts
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite
    £1000 which worked out to be 4.83% pay rise, work in private sector, pay rise just went ahead this month as it does every year. 

    EF - £1025/£2000 (51.25%)
    Debt Remaining: £0.00 - Debt Free
  • mcpitmanmcpitman Forumite
    1.3K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    The thing is an "inflation rate" payrise is not a real payrise in real terms, it just means on average this year won't cost anymore than last year.


    Archaic and doomed practice, all work forces either do or need to move on jobs to generate "real" pay rises or make moves were you are to enhance overall compensation.

    Working public sector/government jobs will only ever generate inflation or benchmarked payrises, sadly.

    Personally work in the private sector, but have achieved double digit percentage growth year on year for around 3 years now.
    Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....
  • IntoodeepIntoodeep Forumite
    1.6K Posts
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Forumite
    Private Sector
    5% in January
  • Penguin_Penguin_ Forumite
    1.1K Posts
    1,000 Posts Third Anniversary Name Dropper
    Forumite
    2.8% last year
    5% this year

    Private Sector, Wales.
  • mumfmumf Forumite
    513 Posts
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Forumite
    Private sector.0% for four years.
  • edited 29 March 2022 at 10:51AM
    biscan25biscan25 Forumite
    452 Posts
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Forumite
    edited 29 March 2022 at 10:51AM
    Private sector: 6.67%. Day rate contract 6 month renewal. Manually negiotiated, take it or leave it.
    I left my perm job as they didn't give anyone a rise last April, citing covid, whereas the firm made record profits and the directors got the highest bonuses yet.
    Pensions actuary, Runner, Dog parent, Homeowner
  • Grumpy_chapGrumpy_chap Forumite
    12.5K Posts
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Forumite
    biscan25 said:
    Private sector: 6.67%. Day rate contract 6 month renewal.
    That's really equivalent to about 5.4% as the employer's NI increase is included.
  • KittenChopsKittenChops Forumite
    287 Posts
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    Forumite
    2019: 2.5%
    2020: 2.5%
    2021: 1%
    2022: 0%

    private sector
  • carrspaintscarrspaints Forumite
    68 Posts
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Forumite
    Private sector (water treatment with 23 successful years of service) Pay rise for 2022 was 2% (April) but my salary increase over the past 5 years has been a whopping 5.2% in total.

    Time to look for another job?


  • GiantTCRGiantTCR Forumite
    133 Posts
    100 Posts
    Forumite
    Used to work in banking and historically I've received annual pay rises in the 2-3% window.

    I was working for a big company in 2021-2022 who did barely nothing and actually in any of the company wide meetings they didn't address any of the employees questions regarding pay rises related to inflation.

    in 2021 they did absolutely nothing.
    in 2022 they gave a lump sum of £1000 (net in my paycheck I had slightly more than £500).

    So I left for a better paid job. And so did quite a few of my colleagues. I've heard they've just announced a 5% pay rise. Still not enough, I would have left anyways.
Sign In or Register to comment.
Latest MSE News and Guides

Energy Price Cap change

Martin Lewis on what it means for you

MSE News

Best £1 you've ever spent?

Share your most impressive bargains

MSE Forum