Payraise.. how much do you expect? how much did you get?

[slinxy]

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.

 

[slinxy]

Out of interest, what specifically is your sector and how have Labour affected it with the budget announcement?

ain't it obvious? he must be a torrie mp... lol

 

[slinxy]

End of year review in early November?

The US financial year is Janaury to December, a lot of US companies use November/December for their next years budget.

 

[slinxy]

A union was handing out flyers at work... they are suggesting some major reforms to our pay structure.

Multiple pay raises per year, multiple years pay structures… the companies turn over can change greatly per quarter and we talking of units of millions and sometimes billions. I can see the company doing hiring and sacking cycles a lot more often than they are doing now as they try to please the share holders during a bad quarter. Plus they already have many methods of golden handcuffing staff that they want to keep long term.

Fixed increases per grade… this won’t work for such a large org, possibly why the NHS struggles… a person can have multiple grades depending on the area of the business that they are working in. Even in this same team, people with the same grade have different roles and responsibilities.. experience and skillsets.. market prices for those skills vary greatly. Also your starting salary will have a bigger impact on your pay raises more than the new skills and responsibilities that you have picked up.. leading people to just go for promotions, just to switch grades.

Management staff pay raises to be calculated the same way as non management staff… big fat no… soft skills are very hard to kpi using the same calculations as kpi-ing against staff with easier to measured output.

Staff that are under performing getting pay raises… hmmmm for a company that is known giving out good salaries in a highly well paid business selector.. are they taking the mick?

Maybe is just me, as I didn’t need to climb the ranks within the company.. I did well over 10,000 hours at different companies.. before getting head hunted for a role at my current place…. But the flexibility and scale of pay, as far as I’m aware is matched by the flexibility and scale of roles that are required. For example, an estate manager in one of the uk sites could be managing 100s of people to keep a site that can host 1000s of staff, while another could me managing an estate in Germany that only host 400 staff.. not that I’m an estate manager, I just got off the phone to my friend who works for a local council who is..

 

[slinxy]

My company got bought out this year (we were 22, new company is over 1000) and I've always been a higher earner in my company as I was a senior Telco Pre-Sales and Projects engineer, who also took on other tasks (PM, provisioning and procurement co-ordination) with 16 years at the company. I knew moving to the bigger company would see things change as I expected pay to be more on a scale rather than just based on what you actually do for the company, therefore I didn't expect a massive pay rise this year, but I also didn't expect to get 0.33%!!!

I have a few benefits rolling over from the old company structure for next year that I want to get so am not thinking of leaving just yet, but if in 6 months things haven't improved it will be CV time.

I've been on both sides of that fence... when the department I worked for got tupe-d over, some of the managers was shocked that some of us got paid more than them and put in place pay freezes. They didn't quite understand that they didn't have the skills nor experience to preform some of the roles, and as per standard the people who could get better jobs left.

I currently work for a massive corporation, taking over companies is apart of every corporation's business model for one reason or another... some staff ain't happy with pay, work conditions etc... and they leave. the corporation is known for being a good payer in the selector, but this is if you're used to working in the selector and depending on what country and department you end up working in/for.