To ask what you would think of a 5% pay rise in the current climate?

[Mumwantingtogetitright]

Would you be pleased to get this?

Or annoyed because it's below inflation?

Accepting because money doesn't grow on trees and something is better than nothing?

Would the type of employer make any difference? (Ie if it was in a struggling industry or not-for-profit where funds were tight vs a big profitable company?)

Just curious about people's views, and wondering what the "average" increase has been for people in recent months.

Yes, I'm aware of that argument, and I get it. However, the staff in my sector work bloody hard for relatively low pay (we are non profit). They do not deserve to struggle with their bills, and they definitely will struggle if their pay doesn't increase. It's all very well for the Bank of England to discourage pay rises, but I don't suppose bankers are struggling to make ends meet. If salaries don't rise but costs keep going up, how do they suggest people live in the meantime?

I might faint from shock. I work for a non-profit. We had a ground-breaking historic 0.3% raise because of the current inflation crisis. Not 3%, 0.3%.

I only got 2% so not even inflation (this was last month), and no pay rise for the last 2 years due to the pandemic (travel industry so hit hard). I'm in for a tough ride.

I'd be thrilled! My pay has been frozen for years apart from last year we got 1%.

I haven't had a pay rise. I was on just above minumum wage, now I am on minimum wage. Can't ask for a pay rise as the company I work for is struggling so I'm happy to just keep a job for now.

I worked all through covid
No sick says off for several years
1% pay rise this year
Some of my friends were made redundant
I am lucky to still have a job

We’re getting 4.6% negotiated last year, it felt generous at the time, a bit less so now but everything is being squeezed so greatful to still get it

After a decade of 1% rises I was amazed to be getting 5% this year.

2% here. I would have loved 5!

Working for a local gov 5% would be amazing ! We never get anything like that

I’d be thrilled to get 5%. I can’t remember the last time we got over 2%.

I was going to answer your original question but you wrote this OP which pissed me off.

It's all very well for the Bank of England to discourage pay rises, but I don't suppose bankers are struggling to make ends meet.

It's not about bankers not struggling to make ends meet. It's about economics which you clearly don't understand (despite saying you do).

I’ve not had any pay rise.

Fucking awesome since I'm currently jobless

I'm interested how pay rise in public service happens?
Shouldn't everyone in public work gets a rise?

Eg why council worker's but not some schools staff.

Well I got 1.5 so 5% would be marvelous.

I got 5% this year, I was happy with it, and it was more than I was expecting.
The extra money was immediately swallowed up by the rise in my childcare costs, but I guess that would have happened anyway so of course it’s better to have the extra than not!

I'm always (possibly naively) delighted to get any payrise at all!

I do understand that wage rises may drive inflation up higher, and that will be worse for all of us in the longer term, but what's the alternative right now? Just let people on lower incomes struggle until the situation is resolved? Wait for the government to step in and do something? Tell people to try the local foodbank?

There needs to be restraint with regard to pay at the higher levels, absolutely (and I haven't given myself a pay rise) but people on lower salaries still need to live somehow. What do you think the solution is in the short term if you don't want employers to help?

5% to low earners is a life saver, potentially.
I quite like my job, luckily, & can manage with 2% or whatever we actually get.

I'm impressed op that you are being so considerate about the struggle that lower paid employees will face. Many employers will use what the BofE said as an excuse not to give pay rises.

I think for those earning less than £30k a 5% raise would be gratefully received. People on higher wages maybe £30k - £45k a 2.5% rise to assist and over £50k either nothing or 1%. That would balance helping with BofE advice. The help needs to be for those with a belt that won't go any tighter.
I earn £41k and I'm having to tighten my belt, but at least on that money I can make savings ... even if I do miss weekly takeaways! 😁

I got 1.5% (NHS). So I'd be thrilled with 5%. DH got 5% rise and was gutted, even though it was the biggest rise in the senior team of his work.

So massively depends on the sector!

I think 5% is good.

I am trying to negotiate 12% for my team. It only because our company is doing better than ever and turning over more money. They are admin staff and on a low wage. In the current job market they can easily get that pay rise by moving company. They have recruitment agencies emailing them all the time. And who can blame them given the cost of living.

All the Senior staff agrees not to take one, this year (including the owners) due to the problems lots of wage rises can make.

When did they last get a payrise and what percentage was it?

@Mumwantingtogetitright it isn’t about restraint at high levels, it’s restraint on the majority to decrease demand. The people on high salaries will be able to buy it whatever the price. We need to demand for the majority to drop to stop driving inflation.

I say this as someone who is currently a low earner (£15,000 per year). It sucks but increasing wages with inflation is just going extend the difficulty.