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Annual Payrise this year

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  • A_Random_Man
    A_Random_Man Posts: 1,167 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    £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. 

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  • mcpitman
    mcpitman Posts: 1,267 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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....
  • Intoodeep
    Intoodeep Posts: 1,671 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Private Sector
    5% in January
  • Penguin_
    Penguin_ Posts: 1,586 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    2.8% last year
    5% this year

    Private Sector, Wales.
  • mumf
    mumf Posts: 604 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Private sector.0% for four years.
  • biscan25
    biscan25 Posts: 452 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    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_chap
    Grumpy_chap Posts: 18,247 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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.
  • KittenChops
    KittenChops Posts: 472 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    2019: 2.5%
    2020: 2.5%
    2021: 1%
    2022: 0%

    private sector
  • 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?


  • GiantTCR
    GiantTCR Posts: 132 Forumite
    100 Posts
    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.
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