Annual Payrise this year

A_Random_Man

£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. 

mcpitman

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.

Intoodeep

Private Sector
5% in January

Penguin_

2.8% last year
5% this year

Private Sector, Wales.

mumf

Private sector.0% for four years.

biscan25

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.

Grumpy_chap

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

2019: 2.5%
2020: 2.5%
2021: 1%
2022: 0%

private sector

carrspaints

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

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.