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

What industry are you in @Svara ?

What’s your industry @HoneyIShrunkThePizza ?

2.1% here

9% starting this month

What's a payrise? Staff were given 9% last year and 8% this year plus a lot of Covid bonuses over last 2 years. I think we are amazing employers but not so great at paying the owners 😁

Manufacturing. It's an extra £2k a year for me.

3% apparently. I’m a third space professional 🙄in HE.

Whoever said about pensions may technically be right but pensions have had much more generous rises than most over the past 20 years thanks to the triple lock. And pensioners will almost all own houses outright or have their rent in full by HB, which protects them from most people’s biggest cost.

4%, financial services, however we seem to recruit new people on higher salaries than those already working as prior to last year there was never annual pay rises so prior wages didn't keep up with normal inflation

No pay rise here. I’m self employed so have put prices up slightly but that’s to cover my increasing business costs. It’s not going in my purse.

2 per cent. Nothing last year. We’re all really feeling it now, my colleagues and I.

10% as a one off bump in Jan but then excluded from annual increase across company in April which was average 3% across business (so some up to 5%, a very few lower than 2%, most at 3%). I won't get anything else until April 2023 now. Consultancy.

Foster Carer. I got £56 pero the increase in allowance.

I got a pay rise of 20% - work for a software company. This wasn't across the board though, a few of us got pay rises and weren't allowed to tell the others that we got them

Yup!

and if you manage to progress upwards you get shafted in terms of pay increase

This is not actually tyre. the recent OECD report showed that the UK pension is actually more generous than most European pensions. European pensions look more generous as the company pays all of their contributions into the state pension whereas in the UK the state pays your state pension and you have a separate defined benefit scheme run by your employer or a defined contribution scheme paid into by your employer.

Not had a payrise in 5 years. What used to be a half decent wage (up north) is now a pittance. Life is a struggle. Lucky to still have my job after covid though I suppose.

true!

I haven't had a pay rise since before the pandemic.

Things are tough in the third sector. I moved employers so got a hike that way but otherwise zero.

Public sector moaning when they get pay rises every year is rather grating.

Support staff in an i dependant school
4% from September 22
After three years of no rise

8.5% with an additional free bupa plan. Generous I thought under the circumstances.

I moved jobs because I was underpaid for my grade and my payrise was pathetic.

As in last years pay rise, my rise to my new role was great.

I work for a large Bank. We get our pay rises in January but for the past 3 years iv had rises of 2-3%. I won't no what next years rise is until January. This will be my first rise since inflation. My DH works for an American company but they only have a very small UK presence. His rise came in March and was 8%. We were both shocked. We have both always been private sector workers and have never seen an annual rise like that. Mid 30's.

The problem is public sector pay is much lower than private already, so years and years of low pay rises is causing recruitment crises all over the place and that means basically everything is short staffed. It can also be very difficult to get a promotion, for various reasons, depending on sector, so you can get stuck on a low rate of pay with ever increasing responsibility.

In local gov, rates of pay are so low that the bottom ten points in the pay scale are likely to be wiped out by minimum wage on the next few years. Our pay agreement for last year was 1.75%.

It's not a race to the bottom. If public sector jobs paid more it would likely encourage private sector to up their pay too, as it would be harder to poach staff from the public sector without keeping up.

What’s your industry? @biggirlpantson