How do you feel about less-than-inflation annual payrises?

Arterion

Arterion

Arterion

Associate
Joined
14 Jan 2004
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Location
Reading, UK
As per title, really. CPIH inflation currently at 3.9%; our annual raise was 2.75%. Usually this is a signal to me to start looking around for other employment.

What about y'all?
 
I think it depends on the scenario.

If you are in a good job and you are not desperate for the extra money then ride it out for a while, see what happens.
 
If you're lucky enough to be in an industry where routine annual inflation linked payrises are such a given that a slightly low one this year is worth quitting over and you'll be guaranteed better elsewhere, then crack on.

Plenty of places will be getting absolutely nothing at all :p
 
Kenai said:
If you're lucky enough to be in an industry where routine annual inflation linked payrises are such a given that a slightly low one this year is worth quitting over and you'll be guaranteed better elsewhere, then crack on.

Plenty of places will be getting absolutely nothing at all :p
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I feel like this is a straw man argument. You should be given inflationary payrises regardless, otherwise being at that business is costing you money. Are businesses really not increasing their prices in line with inflation? Particularly if they're so close to the line that they can't afford to give people miniscule payrises?
 
dirtychinchilla said:
I feel like this is a straw man argument. You should be given inflationary payrises regardless, otherwise being at that business is costing you money. Are businesses really not increasing their prices in line with inflation? Particularly if they're so close to the line that they can't afford to give people miniscule payrises?
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You're living in a bubble if you think all industries and businesses are dishing out annual inflation linked pay bumps as a base line.

Sure, it should be a standard and maybe that's a personal red line for people, in which case, like I said - crack on and find something that's offering you better.
 
Kenai said:
You're living in a bubble if you think all industries and businesses are dishing out annual inflation linked pay bumps as a base line.

Sure, it should be a standard and maybe that's a personal red line for people, in which case, like I said - crack on and find something that's offering you better.
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Are they increasing prices with inflation?
 
In the last <many> years of employment the only time I got an above inflation payrise was when there was guaranteed in-band progression.
 
My last pay rise was about 0.4%. My company got bought out, I'm now at the top of their pay scale for my role (1400 employees compared to 24 at my old place) so got a bit shafted. I still get paid well for what I actually have to do and have a paid sabbatical next month (31 days in a row off all paid) so for now I'm not rocking the boat, but will see what happens over the next year in development and pay.
 
Pretty common in the private sector. You need to be smashing it every year so you get a good performance or promotion increase and bonus and/or make sure you negotiate well when you start your job so you can ride it out for a few years.
 
dirtychinchilla said:
I feel like this is a straw man argument. You should be given inflationary payrises regardless, otherwise being at that business is costing you money. Are businesses really not increasing their prices in line with inflation? Particularly if they're so close to the line that they can't afford to give people miniscule payrises?
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The UK is getting poorer. Below inflation pay rises are an inevitable correction.
 
After a few years of this, including the 10+% inflation year I have got a new job. I was watching my salary become very uncompetitive. It meant a slightly awkward conversation with my new employer during interviews when they asked why I wanted such a big pay rise from my current salary, but they offered what I wanted when I pointed out my ask was in the region typically advertised for the role I was applying for (excluding London), which I am sure they were aware of (not a great look for them to be honest!)
 
EvilRob said:
Pretty common in the private sector. You need to be smashing it every year so you get a good performance or promotion increase and bonus and/or make sure you negotiate well when you start your job so you can ride it out for a few years.
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I'm not doing bad, smashed my first quarter KPI already. Work is pretty easy.
 
I work in the independent education sector which has been hammered with VAT as well as the NI rises. Regardless of moral and political justification, it's means I'll be getting hee haw this year.
 
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