To ask you if you had an annual pay rise?

[Namechangechangingnames]

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

We get 0 inflation related pay rises. Small private company. Over past 4-5 years have had pay increase of ~20% however through promotion etc.

Public sector employ, so I’ll be getting my annual ‘lower than inflation’ pay ‘rise’.

Private sector, scientific industry. 4%, the most we’ve had for as long as I can remember. We don’t really have increments either, so there are people with 10+ years experience earning the same as people who’ve just started. All the lab staff earn less than the national average wage too. People are already really struggling.

State school teacher so 5%, I did move up a pay band last year, one more next year and then I’m top of the salary scale, no interest in promotion, tiny financial rewards for massive workload increase.

DH in technical sales, difficult to know because about 40% of his salary is commission based, no mention of increase in basic, he has been there less than a year, but has been noted that profits are up significantly since he joined.

It’s a weird one because although of course we’re noticing prices going up, dh was furloughed for a year, so we lost the commission, and then he was made redundant, and it takes a few months to build up sales, so we’re actually just getting used to being able to spend a bit more freely and feeling a little more comfortable.

I got 3.4% in Jan & another 4% in July where they've checked everyone's banding. There are rumours of a one-off Cost of Living ad hoc payments but not holding my breath.
Large multi-national.

I got a 7% payrise this year as well as a £7k bonus (about 15% of my annual salary) which was very generous. Normally the payrise is about inflation only, although I've been lucky in recent years and got good bonuses.

I work for a high street bank in the change teams, mid senior level.

I am also getting an extra 1.5k salary increase to cover 'cost of living rise' from August - which equates to less than £50 a month and is considered an advance on the salary increase we'd normally get at the beginning of the new financial year. So, nice, thought but not too helpful.

I think you are missing the point that the NHS has had below inflation pay rises for the last 10 years, this years inflation sky rocketing is irrelevant. We’ve been effectively given pay cuts for the last decade.

Most other public services have been on or threatened strike action and been given higher percentage pay rises as a result.

The NHS is currently chronically understaffed and the staffing crisis is leading to avoidable deaths every single day because they can’t attract or retain staff. The anger about the pay rise is far far more than wanting to actually be able to live on your wage it’s about public safety.

I agree with the poster that it really is irritating those public sector workers bemoaning a ‘below cost of living pay rise’. It’s a pay rise! Some get no rise whatsoever for years on end. Cause they are not public sector and if the business is just getting by they genuinely cannot afford a pay rise.

Having said that the lower paid skilled NHS roles (nursing, midwifery) need a big pay rise as trained people are just quitting and we are getting to the point where those having a baby cannot be guaranteed adequate medical care.

as an economist who has worked in both private and public sector, public sector pay has a unique problem. The pay is low and they struggle to attract talent, but the pension is absolutely excellent in comparison to private sector (no matter what changes are made to make the pension less generous. Career average salary not final salary, increasing number of years needed to pay in etc etc. it is still excellent). So the state can’t give you a pay rise as they are being crippled by pension guarantees, and unions generally speaking won’t let public sector ditch their pension guarantees anyway so the low pay will remain a problem forever more (but you will be wealthier than you would have been in comparison to if you had worked in the private sector in your old age…).

DP is in banking, works for one of the big 5 and they just found out their getting a 5% pay rise.

I work in HE (Russel group). They usually announce any pay rises for us in August so I'm cautiously optimistic what next month will bring. My whole department did just get a flat £750 bonus for a good year so that will be nice in this months pay packet

I got 1% which was laughable - finance role in a highly profitable sector but poorly managed team so the budget has been wasted elsewhere.

my DH got a special additional cost of living pay uplift from his employer this month - £750 per employee. It isn’t loads but they had already had an inflation payrise and are worried about good people jumping ship for better pay. My DH is in management and has been making loud noises about the (highly publicised) senior management bonuses that are higher than ever this year, and leaving a bad taste in everyone else’s mouth when people are now wfh (they have reduced office space) and employees now have to have heating on in winter which is going to cost them more to wfh.

I got 1500, everyone did, which for me on my part time salary equated to 3.7%

@Namechangechangingnames Private Corporate sector.

Everyone In banking/ finance is this an additional pay rise or is it your standard annual one that comes into effect after your previous year?

100% this

3.5% pay rise in April that was agreed as part of a two year deal back in 2021 (2021's rise was 1.4%. I was really grateful for it and can understand some seeing it as a pay cut but I was just pleased I still have a job given redundancies due to covid.

Apologies I've phrased that badly - there weren't any redundancies due to covid where I work (they were extremely good to us throughout) however have had a few friends who lost jobs due to lack of profit as a result of the pandemic.

Professional services. We get ours in October so get told next month. We usually get something between 3 and 4%.

This year I know it's been a bit of a struggle for them to work out - we have lost a lot of stuff at junior levels especially but at every grade and they've all gone to competitors with pay rises. Huge ones in some cases (25/30% in one case I know). Some of our competitors are out in the press giving 9% pay rises or big one off bumps.

But also whilst our specialty is recovering, the nature of what we is not back to prepandemic levels yet and they don't want to throw cash around. I think about 5% but they will lose staff as a result.

I’ve done payroll in a small manufacturing firm, construction firm and a theatre, and the only people to get annual pay rises are those on minimum wage. Other staff may get an increase of £1k-£10k at a time, but they usually have to work a couple of years or more to get it. I know some people who haven’t even got a pay rise in 3 years.

I haven’t had a pay rise for three years - professional services

i think it’s time for a new job

3% for everyone at the start of the year, then mid year we gave those earning less than £40k an additional £1500 as a one off cost of living increase.

We all got an extra £2k, plus 8%. Meaning the lower paid got more like 12-13%, but much less of a gap between roles. More than was expected. But to be fair we have had a very good past 3 years.

Manufacturing admin (import etc)
I got 17%
My wages were low but over min wage, I'm now a bit closer to the going rate
(Very good other perks BTW or I'd have left ages ago on these wages!)

2% (third sector). The average increase for staff was more, but because they've been giving below inflation increases for years, those in the lowest paid roles had to have above inflation pay rises to keep up with the rise in minimum wage.

The differentials have really shrunk since I joined in 2007. I was on 2.5 x NMW then. That spinal point now is 1.25% NMW, so in real terms there's been a 50% drop in pay for that role. Thankfully, I've had promotions so it's not so bad for me.

Because almost all the funding comes from NHS or social care money, there have been constant cuts. One project had its funding cut from £1.5m to £0.5m over 10 years.

Between 8-10% for all staff

I work for a bank.

I had a 4.5% increase in March which is the standard annual pay rise. It varies between 2% and 3% usually, depending on all the usual boring corporate reasons. Fairly generous this year to make up for last year's low one which was 1.5%.

We've now been told we'll be getting another, one off, cost of living raise at sometime in the near future. No guarantees of amount but my spies tell me its expected to be 5-10%.