National Minimum Wage to rise by 6.7%... figures cross I get something similar for my payraise come April.. lol
Payraise.. how much do you expect? how much did you get?
- Thread starter slinxy
- Start date
Caporegime
2% to match inflation if you’re lucky, especially since most businesses now need to pay 1.7% extra NI per employee and take the 6.7% hit if they have staff on NMW.
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Pretty much what I'm expecting :s I think my income has increased at like 1/3rd of the rate of minium wage or something over the last few years.
Not long ago there was a lot of fanfare from head office about rolling out charging points at work, I don't think they expected the backlash as most staff don't drive EVs and most that do are like director level kind of thing - so a lot of questioning as to where the money was coming from when we are always told it is tight and how it would be better spent on things everyone would benefit from :s
The money was coming from a government scheme offering £400 per Charing receptor. Basically free if you choose a few cheaper units.
Should have supported it and picked up a cheap 2nd hand leccy car (£10,000) free commuting.
Even if they were not using a government scheme a few thousand one of cost is much cheaper than even a tiny salary increase across the board.
Instead of moaning about it -should have taken advantage.
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No idea as to if there was any scheme behind it, but it was more than just slapping a few charging points in (covered area, solar panels, etc.) and over multiple sites - out of the 51 members of staff who report to me approx. 6 drive new(ish) cars, 12 drive cars around £3K or less, the rest walk or use other forms of transport and I assume similar at other sites.
Associate
I was hoping for somethign reasonable this year, I ended up with 3%
in 10 years, I've not quite had 10% on my salary, so maybe I shoudl consider 3% a win.
in 10 years, I've not quite had 10% on my salary, so maybe I shoudl consider 3% a win.
Associate
In this day and age anything is accepted!
I'm hoping the increase in employer NI to 15% means that everything that I salary sacrifice towards my pension get's the extra 1.2% boost.
I'm currently receiving the 13.8% extra to my pension. I believe most people are on a salary sacrifice scheme if they don't work for the public selector but not all employers' give the NI tax deduction to their employers.
I'm currently receiving the 13.8% extra to my pension. I believe most people are on a salary sacrifice scheme if they don't work for the public selector but not all employers' give the NI tax deduction to their employers.
Suspended
I trust that the recent budget encourages our business community to invest further in their companies now that all is clear following the tough talk from Sir Keir and his ministers.
Man of Honour
- Joined
- 21 Nov 2004
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- 45,959
Won’t get anything this year I suspect. Labour have ****** my sector.
Soldato
Out of interest, what specifically is your sector and how have Labour affected it with the budget announcement?
Sounds like the public sector. Basically FA in a decade. Which is why I left and almost doubled my salary (and reduced my workload) by going back to the private sector.
I think this budget is really going to **** things up even worse. High taxes means people spend less, which slows the economy even more. Large corporations will start moving money abroad.
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Soldato
Depends on a lot of factors, but with the current state of things, anything above 0% would be a welcome surprise.
Not a great time to be working for a private sector company delivering a public service.
Not a great time to be working for a private sector company delivering a public service.
Associate
I'm an engineer with a large corp in the private sector, same role for 20+ years, but refuse to move "up" into management, because I'd br crap at it and would hate it.
Unfortunately it means it's difficult to secure a pay rise from the corporate machine when computer says I'm already paid above my grade.
They will still need to pump money in to the private sector as they have no choice. A lot of the skills have already quit the public sector and they won't get them back now.
Yep, everywhere has that limitation now. Only way is to move to a company which pays more.
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ain't it obvious? he must be a torrie mp... lol
Man of Honour
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- 21 Nov 2004
- Posts
- 45,959
Private education. VAT addition, no issue with this, although adding it mid year is a pain. Then the NI increase on top. We’ll survive and my job is safe, but I can’t see all jobs remaining and I can’t see a pay rise either.
Associate
Indeed, unfortunately, they have me by the short and curly's.
4 day week, and 100% working from home. I've been to the office once in over 5 years.