Payrise in 2025?

Just wondering how many employers out there are actually giving an annual payrise in this current climate.

We're having high cost of living, increase in council tax, water rates, the usual, etc... but employers are also feeling the pinch with the NI increase and the ever increasing cost of doing business.

So how many of us are seeing an incremental rise this year at all?

I can go first, and we have just been informed of a 2.5% inflationary rise. Which i guess is better than a kick in the teeth. What about you's?

365 Day 1p challenge - £371.49 / 667.95
Emergency Fund   £1000 / £1000 ( will enlarge once debts are cleared)
DFW - £TBC
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Comments

  • Penguin_
    Penguin_ Posts: 1,553 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Rumours of anywhere between 4 & 7% here. 
  • elsien
    elsien Posts: 35,578 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 24 March at 2:46PM
    Didn’t get one last year, not expecting to get one this year. Statutory voluntary sector  begrudgingly funded by skint local authority.  At the top of the salary scale so cost of living is all that would be happening anyway. 
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • EnPointe
    EnPointe Posts: 785 Forumite
    500 Posts First Anniversary Name Dropper
    Incremental  by  time and  meeting  core standard  / Performance  rises are seperate from Cost of living / inflation / minimum wage driven  rises in most settings 
  • strawb_shortcake
    strawb_shortcake Posts: 3,392 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Civil servant here think it may be a return of 1% pay increases for the foreseeable 
    Make £2023 in 2023 (#36) £3479.30/£2023

    Make £2024 in 2024...
  • RedLipstick
    RedLipstick Posts: 94 Forumite
    10 Posts Name Dropper
    Apparently 4% for everyone though won't know for sure until end of April.

    Mortgage: £173,700 Sep 22  £160,920 Apr 25

    MF Date: Sep 52 Mar 52


    2025 Goals:

    1) EF2 #84 £4000/£10000

    2) Pay off all your debts by Christmas 2025 #34 £2,400 to go

    3) MFW25 #51 £1628.22/£5000

    MFiT-T7 #5

  • Strummer22
    Strummer22 Posts: 700 Forumite
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker
    Engineering consultancy. 8.1% for me, and general increase across the company was 5.2%. I honestly wasn't expecting that as I got a 10.1% increase last year with a promotion. A pleasant surprise. 

    According to the latest data, wages including bonuses are increasing by 5.8% on average. 
  • GingerTim
    GingerTim Posts: 2,533 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Mine (academic's salary) was 4.8% - 2.3% of that was from my annual increment and the remaining 2.5% from the nationally-bargained pay award. This usually happens every September but the pay award was split - £900 in September, the remainder in this month's salary.

    University workers on lower grades would have received an increase of he pay award element of up to 5.7%.
  • magpies79
    magpies79 Posts: 384 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    We have just had some forms through on what our unions are asking......8.6% which I thinks a bit of a stretch maybe there angle is meet at 5% 
    £2820/£4000 0% 24 months pay £150 HSBC
    £2,100/£3000 0% 27 months pay £150 M&S
    £3,050/£4000 0% 27 months pay £150 HALI
    £2,200/£7250 0% 14 months pay £60  RBS
    £990/£2000 28% Zable closed  £60 
    mortgage £22,000/£89,000 2 years left 
  • bamgbost
    bamgbost Posts: 482 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    decent amounts all round then . nice!
    365 Day 1p challenge - £371.49 / 667.95
    Emergency Fund   £1000 / £1000 ( will enlarge once debts are cleared)
    DFW - £TBC
  • wigglygiggly
    wigglygiggly Posts: 164 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I work in a private education centre and have been for 14 years and in that time I have only ever had 3 pay rises. Very much doubt I will get one this year either. 
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