Soldato
- Joined
- 18 May 2010
- Posts
- 12,824
We usually get a cost of living rise every October for the 11 years I've been with the company but since last October they've been completely silent about it
Poll: Pay rise 2022
- Thread starter LabR@t
- Start date
Soldato
Haha I had this mentality too..by month 2 I'd already allocated it
Yup, £160/month "extra" just swallowed by increases in bills and food
Don
My holiday year runs the same as the tax year - April-April, so pay reviews are normally decided in March in advance of the new tax year
Same here.
A reduction of negative 27%, noiyce
I wondered who would pick up on the double negative, should have guessed it would have been you
But no, I haven't had an increase of 27%. Not particularly bothered about the drop, if it gets to be a problem I'll just find some more work, but it'd have to start getting desperate for that lol
Don
New job, so 114.286% increase in basic.
Mine is always march just before new financial year.
Soldato
For those nearing Student Loan completion, make sure you call them and start paying the remainder by Direct Debit. They have a habit of taking more than necessary by PAYE (they usually advise you to do this themselves via a letter).
Mines almost paid off, I've also been given a 15% rise due to promotion, biggest ever rise although not due to inflation. There's been no mention of that but timing has been great for me. I also get an extra 5% on top of that in 6 months. I should have been promoted over 6 months ago.
Having just sold an old empty house in October (negative equity, long story!) I save £500 a month, plus the Student Loan saving and promotion.... I'm not worried. But I do feel for those who are. I am starting over though, I am topping up savings towards a new house whilst living in a less than ideal space with my family. At my age I should have had all that covered by now but at least I'm debt free and can look forward for the first time in my life and not be hand to mouth.
Mines almost paid off, I've also been given a 15% rise due to promotion, biggest ever rise although not due to inflation. There's been no mention of that but timing has been great for me. I also get an extra 5% on top of that in 6 months. I should have been promoted over 6 months ago.
Having just sold an old empty house in October (negative equity, long story!) I save £500 a month, plus the Student Loan saving and promotion.... I'm not worried. But I do feel for those who are. I am starting over though, I am topping up savings towards a new house whilst living in a less than ideal space with my family. At my age I should have had all that covered by now but at least I'm debt free and can look forward for the first time in my life and not be hand to mouth.
Yeah I switched to DD late last year. As heard can over pay otherwise. Last thing I want is to try to get money back from government!
I also feel for people who are going to struggle now suddenly due to cost of living.
Caporegime
Zilch, unless I look for new work which isn't out of the question.
Soldato
Yes - much as I moan, it's basically disposable income which has gone (although pretty much all of it by this point
). Can't imagine how those already with no buffer and no prospect of a pay rise are coping :/
Consigliere
I had a 20% pay rise in January so actually nothing...I accidentally put 10% however that would actually be for next January.
Associate
Ah yes the chap that is paid £495k a year telling us to not seek pay rises to try and ease the painful cost of living increase that’s coming…
Fully expecting the standard sub 1% pay rise unless I move jobs over here mind
Soldato
I also work for a unionised company. Last year's pay talks, started in August 2020 only just concluded & we ended up with 5.2%. Company initially offered 7% BUT on the caveat that we lost a whole load of benefits including our 6th week holiday (earned after 5 years of service) & Day2 Sickpay (company sick pay starting day 2 of illness, 75% of wages). The 6th week was the major sticking point as no-one was willing to surrender that, nor were we willing to surrender the sick pay to the new terms in which they wanted us to stand 4 days but said scheduled days off wouldn't be counted in stand time. Given that a majority of staff work 4 on/3 off that meant being ill on day 3 of 4 would mean no pay at all for a week.
I’m expecting 10% but that’s without inflation being taken into account. Mostly because when I took the job I got the lower end of the pay advertised. 2 years later and only getting good appraisals I’ll be leaving if I’m not at the higher end post review!
Be nice if they add inflation on top but I doubt it
Be nice if they add inflation on top but I doubt it
Soldato
Nothing, for the 5th year running
Already had a 50% pay increase last year.. (Changed job when I left teaching).
I'm hoping to see a 5-10% next year if things stay the same.
Been told that if the clients start rolling in as expected, ill see a 25% increase each year to a cap of 100k.
Start ups are ever so optimistic lol
I'm hoping to see a 5-10% next year if things stay the same.
Been told that if the clients start rolling in as expected, ill see a 25% increase each year to a cap of 100k.
Start ups are ever so optimistic lol
I've always worked in global teams, so my increases have come from a budget that has no reflection on UK economic performance including inflation. That has positives and negatives. I remember being envious of a Belgian colleague who had a legal right to a cost of living increase budgeted for separately to the performance increases the rest of the team received.