Straw poll - Payrises

[Femalearchaeopteryx]

I'll start by saying I am posting out of curiosity over anything else, we have already done the numbers and researched what the national average is and what other business around us and similar to us are doing so this is not in anyway to help our decision.

I run an SME just done discussions with our a managers regarding pay rises, they believe what we are offering is poor, we think it is realistic and the best we can offer during difficult times.

So we have offered a 4% pay rise, plus a trial of moving to 4 day week.

I will add that all the managers are aware the business has struggled massively over covid yet kept everyone employed and have had to borrow which we now have to pay back. In over words we can't afford a massive inflation beating pay rise this year.

So straw poll what has everyone else's pay rise been?

I will repeat before someone says anything we are perfectly capable of running the business without MNs help I'm curious to know what everyone else is doing.

3%

Micro SME, 2% plus a review at 6 months rather than 12. I'd be happy with the 4%, and very happy with the 4 day week.

0%

Medium sized company 6% for everyone in August. Salary review in March 2023 where hopefully wages increase again.

Would prefer 4% and four day week though!

I'm employed by an SME (at the bigger end of S), got 1.2%.

3% Bear in mind our last pay rise of 2% was four years ago. Nothing in between !

Large company. 2% but a bigger than expected bonus, as boss knows we’re all struggling but did’t want to commit to multi year increases, a bonus is easier to control in that sense,

In line with inflation, but we had a 3-year pay deal of which this year was the last. Previous years have been about 3% in line with RPI. We are a unionised workforce.

Its not decided yet but would be at least 3%. Could be higher.

How does the 4 day week work though? Does that mean everyone will move to 80% of their full time pay? Because that's a very significant effect that would make the 4% pay rise a bit irrelevant.

Or is it the same pay as before but you only have to work 4 days for it?

2.25% for a large well performing multinational corp and there are no bonuses either.

I should add I'm in a large public transport provider in the public sector. I know my situation is very different from most.

5%.

Will the four-day week be paid for 5 days?

I'm also curious about the 4 day week. Will workload be reduced, perhaps by reducing pointless tasks or is it expected to be the opposite of 'work expands to fill the time available'? But if people genuinely need 5 days to complete their work, you'll just find they're doing more unpaid overtime, cutting corners or getting behind with their work.

As for pay rises, we might get 2-3%, 4% might seem poor compared with inflation, but it's more than many are getting, as you will know, so I don't know what curiosity asking an unrepresentative sample on Mumsnet will satisfy

But it might be less about the headline rate and how salaries compare in your industry to rivals and what your employee retention is like. If you currently pay well and aren't losing staff, 4% looks better than a higher rate but one that was still behind comparator employers.

Interesting thanks everyone and surprising how much variability.

The 4 days would actually be more pay as the only way it will work with our TAKT time is to up the hours by 1 hour otherwise it will get silly so a 40 hour week, which is what most are doing over 5 days currently.

Sorry to those who aren't getting a payrise it's rubbish, we'd love to do more but need to keep us stable otherwise no one has a job!

4% is not enough on its own, but with your 4-day week you are making your workplace more appealing.

I see the Tories argue that pay rises are inflationary but they are happy to give tax rises, which are also... inflationary!

My employer did a blanket rise of 2k for everyone. Those on lower salaries are probably just over 10%. Those on the highest salaries are closer to 1%. Nobody has complained (or at least they haven't complained to those of us on lower salaries!).

I think that 4% plus a 4 day week is a great deal.

We are getting 3%.

3% is what we’ll be getting. We already pay way below average and offer zero benefits so people (myself included) will start looking for other jobs.
A 4 day week however would be worth a lot more than a pay rise to me.

0% at my place.

I know it is an unrepresentative sample, I'm just avoiding writing a presentation and posting on the internet to give me a break from it before going back and cracking on.

We pay more than our direct competition and haven't made any redundancies (we could have but didn't want to abandon out employees at a terrible time). Retention is very good.

3% same most years.

I’ve done well this year 13%, plus standard public sector rise on a retention deal. Basically we’ve been haemorrhaging good people and about a dozen key people were given big pay rises as we are struggling to recruit.

About 1.8% here

0%

Large corporate. 6% plus 12.5% bonus. I’m shocked…I’ve had 0-1% payrises for the last 3 years.