To ask you if you had an annual pay rise?

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So was listening to radio 5, talking about nhs pay rises (this isn’t the point of the post) but they said they got 4% or something but of course with inflation as it is, staff are actually worse off but it wasn’t know when the raise was given that inflation would sky rocket.

so nhs pay rises isn’t the point of the post but it got me thinking across the board, surely most industries give an annual pay rise of far less than 10%, if argue that 4% is quite generous, ive nothing to back that up fact wise just after years working. DH and I work in finance (banking and 2 separate v well known big banks) dH prior to leaving his job was offered 2% and I thought I was quids in at just shy of 5%…. Again these are both before inflation sky rocketed although it was already being forecasted. So actually I’m worse off (inflation erodes the buying power of money)

so I was thinking have any employers given that pay rise of close to 10%?

did you get an annual pay rise? If so how much? Surely we’re all just worse off?

Nb don’t misconstrue this to nhs workers don’t deserve their pay rise, they do, not the point of the post, but the notion of pay rises in light of cost of living got me thinking

In teaching, we will apparently get 5% increase however I can't understand why the starting salary is getting much higher than when I started teaching (10 years ago) but the salary level I'm on pretty much stays the same. I understand that cost of living increases so salaries will change over the course of 10 years but it seems a bit unfair that newer teachers are benefitting whilst experienced teachers are getting a bit of a raw deal. Add in to that the rules for moving up pay scales in teaching, it's no wonder why so many people leave the profession.

If I move to a leadership position above my current one, I earn almost the same as my current salary but have a serious amount more work to do- this also doesn't seem to make sense to me. It does give me scope to earn a bit more over time (an extra £5k after about 5 years) but I would spend years working a whole lot more for quite a small pay increase but with a huge amount more responsibility.

I've never been out of teaching so maybe it is totally normal to take a promotion to senior leadership but for pretty much no more money?

Also I'm pretty sure someone will make a comment that teacher pay is high, but I personally don't think it is in our current economic climate. After the costs of childcare, I have minimal left over from my own salary to actually enjoy and I'm fortunate to have a DH so therefore I'm not required to use my one salary for everything (which would be impossible).

I'm getting about a 4% rise this year, which I'm quite pleased with as we've had several years of pay freezes.

Interesting as it’s public sector so a similar pay rise to nhs staff…

really curious to hear if private / big business pay rises? We heard about ours and it sounded generous and I guess with inflation around 2% as boe normally try and keep it, it would be.. but it’s just stayed at 5% and we’ve not heard a peep since

What industry you in? X

~15% special market adjustment for all staff at the end of last year.

Also got an additional 3% for going up a pay band (not promotion, just tenure-based bump).

Still had people in our company complaining that we should get an additional midyear increase for inflation! (Not me!)

(Private sector professional services)

Financial services here - 3% pay rise

Yes I got way more than 10% last year I got barely anything. That’s the point though, I’m the private sector you can move companies, or perform well for a payrise. In public sector unless you get a promotion you’re just stuck at that level - doesn’t matter how well you do. It’s a completely different thing

I got an 8% pay rise. I work as a carer in a privately owned care home.

We tend to get between 2-4% based on performance, but then every couple of years we get an independent pay rise to be inline with the job market.

Our place of work hasn't kept up though so lots of people have left and they're struggling to back fill open roles.

Teaching assistant here.
What is a pay rise???

3.1% for British pensioners on the lowest pension by far in wealthy western countries 🙄

I work in FE. I had a 1% pay rise about 3 or 4 years ago, but nothing since.

1.75% rise we got April just gone. Absolute shite.

Waged employees are getting 10%, but it's still going to be below inflation for take home pay as the personal allowance is frozen.

Nothing announced yet this year. Haven't had a pay rise since 2019. Although previous job had an incremental salary which meant that increased each year for first six years in job. Most years before 2019 it was a 1-2% pay rise.

I've moved employers several times partly to get a higher salary.

I work for a large international company that is doing really well financially. My colleagues and I got 1% pay rise which was frankly insulting.

I'm work for a bank . I got 1.78% 😒

I love how they've done the police pay rise, a flat £1900 extra. So much fairer in the cost of living crisis than a percentage!

@RoastingMarshmallow fellow teacher here.

One thing people do not appreciate when they comment on teacher salaries is the fact that pension contributions are really high. It may benefit us in the future but month by month that money could help me massively. I am too concerned about stability when I retire (especially being a woman) to opt out.

I also agree with the pay progression point you made. It is not fair that experienced teachers are not seeing the benefits of moving up the scale as new teachers. However, there is a current recruitment/retention crisis in many areas across England and Wales for teaching. I guess the starting salary is hoping to be competitive with the private sector.

International corporation, 4.5% for my level, less for those above me and none for the big bosses.

Banking?

normally our workplace benefits are quite good in terms of overall work places this pay rise is quite disappointing all things considered

No pay rise.

I will probably get one next year as otherwise I will be under the min wage when it next increases.

one of the big 5?

does it start with an N?

9% professional services for cost of living. I also got a 20% bonus.

Husband is financial services and for 4%