Annual Payrise this year

TELLIT01

RichardD1970 said:

Private sector.

2 year pay deal.

2021, 2% +£1000
2022, RPI + 0.5%, so that ended up as 12.3%


The company did request that a lower amount, 6% with a £5000 lump sum be taken, but on a ballot that was soundly rejected. 

A decision which could have unintended consequences.  The % payrise has a knock on effect every year on pensions and future pay.  A lump sum payment doesn't have that.  Given the financial strain many companies are under they may have to look at alternative options to reduce costs.  Redundancies being one of those options.  Hopefully it won't come to that.

RichardD1970

TELLIT01 said:

RichardD1970 said:

Private sector.

2 year pay deal.

2021, 2% +£1000
2022, RPI + 0.5%, so that ended up as 12.3%


The company did request that a lower amount, 6% with a £5000 lump sum be taken, but on a ballot that was soundly rejected. 

A decision which could have unintended consequences.  The % payrise has a knock on effect every year on pensions and future pay.  A lump sum payment doesn't have that.  Given the financial strain many companies are under they may have to look at alternative options to reduce costs.  Redundancies being one of those options.  Hopefully it won't come to that.

I agree entirely and was one of the few to vote to accept the change. 

MovingForwards

MovingForwards said:

Nothing mentioned, assuming £0 private sector

Last year £750 public sector

Year before £450 public sector

Scotland 

To update this post I made in March 2022 as I've changed jobs.

Public sector 8% 

In a few months I'll get a spinal point increase of 1.2% 

bamgbost

Glad to see this thread is still going, almost a year on!
Not had the inflationary figures released for this year, but hope its much better than the 3.25% last year, which now seems little considering inflation at 10%+. Will update with my figures when i know...

billy2shots

Looking at it from the other side, I am in the process of calculating staff pay rises. 

Care sector (private) fees paid by local authority. So lower end of salary scale. Nobody is on NMW the least experience newest staff members are at least £1ph above. 

We had a 3% fee increase last year and it's not looking great this year regardless of political point scoring suggesting better investment. 

I'm trying to make 9% work but it's frightening running the numbers. 

£30,000 increase on PAYE, Pensions and Employer NICs

£25,000 increase on energy contracts. 

All the usual inflationary pressures of running your home but on a larger scale. 

Genuinely heartbreaking wanting to give the max whilst trying to stay in business. Sleepless nights aplenty. 

Doshwaster

Of course some employers may decide that the only way they can afford the pay rises is to reduce staff and put even more pressure on existing staff. How many people would want a 10% pay rise if it meant a 1 in 10 chance of redundancy?

So far, despite the economic problems, unemployment has still remained low. If that was to change then things could get a lot worse.

sultan123

If your making 4.5k net pay a month after post tax and NI cuts, would you ask for a rise due to inflation?

mumf

My boss wonders why he can’t get skilled workers,or keep them. Ok ,I am now finished because of illness, but he’s advertising at LESS per hour than five years ago,and no pay rises in that time. I was gonna tell him to stick it this year before I fell ill anyway. There are a lot of private employers like that I suspect. And government wonders why over 50’s say “stuff it”. 

Bald93

I’ve been within a Company Group since Aug 2016 and had the following increases 

Jan 17 5% (Probation Passed and agreed at offer)
Jan 18 5% / Added to bonus scheme so OTE increase 8%

Jul 18 13% ( Promotion)
Nov 18 4% / OTE 7% (change on role)
Jul 19 1%

Apr 21 10% / OTE 13% (promotion)
Oct 21 3% (probation passed on promotion)
Jan 22 3% / OTE 4%
Jul 22 3% (Cost of Living Increase)
Jul 22 10% (Negotiated started prior to previous rise which was then incorporated)
Jan 23 5%

since 21 promotion have been aware of other rises in the team and the 3 / 3 / 5 has been mostly consistent across the team. 

Compared to some other comments seems very generous!!

Doshwaster

Just had ours announced: 2.75% basic rise + 5.5% one off bonus.

I'm feeling underwhelmed.