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.
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....
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.
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.
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.
Replies
EF - £1025/£2000 (51.25%)
Debt Remaining: £0.00 - Debt Free
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.
5% in January
5% this year
Private Sector, Wales.
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.
2020: 2.5%
2021: 1%
2022: 0%
private sector
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.