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

The lack of real pay rises combined with the overall cut in funding is real double whammy for the public sector imo.

Staff have unmanageable caseloads in social care (children and adults) and in most other areas. The number of housing officers has been reduced by 2/3 in my area, and staff are struggling to deal with things like anti-social behaviour and rent management.

The system is close to breaking imo.

My assumption is that there is a hope that inflation will decrease at some point in the near future (if the government gets it's act together....) so companies are putting off giving people the full 11% whack because then they are stuck paying that increased rate even after inflation reduces again. So most are going for a middle ground rise.

I think there’s a misconception about public sector pension. I’m in Teacher Pension Scheme, I pay just under 10% of salary into ‘TPS’ my school pays 23%, so 33% contributions, which sounds fantastic, but the money isn’t going into a particular pot, it’s going to general taxation, the government have refused to cost it. Employer’s contribution is eye-watering and many older, more expensive teachers are finding it very difficult to get a job despite the huge teacher shortage. The pay offer of 5% has to come from existing budgets so this will get worse. Private schools are pulling out of the scheme. FE are on local government schemes instead I think.

Im getting a promise of 80th of my career average salary for every year I work. My normal retirement age is 68, so very likely I’ll take a reduced pension to retire early, or I’ll die in service I think! My salary is now in real terms 20% lower than in 2007, so value of my pension has obviously dropped too.

Current pensioners in TPS got 60th of final salary (best of last 3 years) with a normal retirement age of 60. Scheme was reformed twice to make it ‘sustainable’ in early 2000s, but those reforms won’t start to take effect for another 20 years or so. I’ve got about 5 years contributions in the old scheme, but won’t be able to afford to cash in and retire at 60 as bulk of my teacher pension and state pension are set at 68. I’m really worried about it, can’t imagine teaching in late 60s, to the point that I’m trying to retrain to leave for a profession less physically demanding. The pension may be generous, but it isn’t a draw because the idea of teaching to 68 is ludicrous.

MPs have a scheme similar to the original TPS, I think they are now career average rather than final salary, only their contributions go into a defined pot and they’ve been able to cost it and argue that it is sustainable. Which makes me think that if they costed the TPS it would be poor value.

I think it's generally accepted that payrises won't align with the rate of inflation regardless of sector. There will be some exceptions of course.

Yes it’s brilliant for Police Officers and really fair IMO.

Unfortunately Police staff were given 2.1%. That on top of a zero raise last year means our wages are reducing in real terms. The union have reopened pay negotiations as a result. My increase was so tiny I genuinely didn’t notice it in my pay after deductions.

I got just over 11%. My team got 18%. I argued for my team to get a large one because they were being approached for jobs that paid batter than what they got paid. Plus recruitment costs. It’s easier, better and more cost effective to retain good admin staff.

So we measured the industry’s and area averages and gave them just above it.

NHS band 8, mine works out to nearer 5% but then I'm not unhappy with my salary in the first place. My husband is in the aviation industry and he is getting 4% and he took a 20% cut during the pandemic.

My company decided to share the pot out to everyone this year, which I thought was a nice idea to help with the cost of living crisis. Once the new national insurance has been taken into account it worked out as £40 extra a month, at the same time they gave us a presentation talking about the millions in profit they've made!

3% pay rise come in august in HE but weighted so lower paid staff get up to 6.5%. Blown away at people talking about 10%, and yes I don’t think NHS staff can really complain about 5% (but can and absolutely should complain about their pay bands overall for lower paid staff, ie not really consultants)

Blown away at people talking about 10%
For the majority getting 10% in our workplace, 10% is £2000 a year, so the same as someone on 50k getting 4%, which wouldn't be remarkable. Generous, but not as many £ as it sounds.

I was offered 3.5% and negotiated up to 5% for this year. We also got a 16% bonus at Christmas. I work in medical Comms. I don't think many other people bothered to negotiate! I got about 3% last year but I was promoted late in 2020, so had a decent increase for 2021.

I've just been emailed by HR to say I’ve got a 5% increase (I’m on holiday). Our annual reviews haven’t happened yet, so presumably it’s non-negotiable.
Then again, it’s an improvement on the previous owners of the company I work for who never did automatic pay reviews.

My husband’s state pension (I’m still waiting for mine at 63) is £7200. A percentage of very little is very little. We have a mortgage until he’s 82 and I’m 75. Many pensioners are divorced. Unless divorce happens early in life, it devastates finances. Also the triple lock was scrapped this year and the pension rise was 3.1%. Based on your comment about pensioners having rent paid by a top up benefit. Do you really believe that someone who has worked hard all their lives, paying Tax, National Insurance and contributing to society, should have to scrape by on benefits? Be careful what you wish for.

Teacher here, I've moved up simply because I'm no longer an ECT but if the scales stay as they are set now, in a few years new ECT's will earn more than I do now, yet until/if I become SLT then the incremental pay rises I will get are tiny.

3% - private company with public sector contracts.

Someone did ask about cost of living figures but the response was you've got 3% every year regardless.

One thing that does confuse me is that all our long term public sector contracts have annual price increases based on a government provided formula but they don't apply the same expectations to their own employees.

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

Yes thank you, 10.5%

I think I got that wrong in my previous post. I have confused my moving up a grade with my actual pay rise. Sorry about that if it was misleading.

I got given just under 2% where I was, in april when we knew inflation was much higher.

I voted with my feet and left for a much more significant pay rise.

Many many skilled people I know have moved roles lately for this reason.

We have a mortgage until he’s 82 and I’m 75.

Who the hell gave you a mortgage ending at those ages? That's very unusual. Most banks simply won't lend in those circumstances, unless it's a tiny tiny amount.

We got 5% back in April, which seemed really good but realistically with fuel prices as they are it really hasn't went far.

Yes, I’m a teacher so I have had a pay rise plus moved up a band - so in Sept I will be earning 15% more than I do now.

DH is in private sector manufacturing and has had a 15% pay rise within 6 months of starting at the company.

Teacher 3% from September - which I can't remember ever having before. If anything, it's been 1 or 1.5% or nothing.

FE not school so don't have incremental rises in pay most of my team are on less than £30,000 a year and are super experienced and excellent at what they do and most of us have have been teaching for between 15 - 30 years.

We really do do this job for the fabulous students and not the pay.

2% and a one off £300.

Teacher and I think it's 3%? But, as usual, it comes from existing school budgets so not every school has the money to give teachers the rise. The government isn't giving schools the extra money.

I work in hospitality. Our annual pay increases happen in January but are finalised & agreed by the board in early November at the latest. We got 3% for all staff for 2022 (bar a few individuals who got up to 10% for reasons of high performance or similar), having had 1% for at least 5 years before that. This year we've increased salaries for the hardest to recruit roles in F&B (chefs & waiters, mainly, by between 6% and 15%) between Feb & May, in response to the recruitment crisis. Unlikely to give any increases to more than a couple of individuals this year, and not sure what we'll do for 2023 but expect it'll be a sliding scale going from around 10% for lowest paid workers down to 3% for the highest paid (although our CEO is on 115% more than the next highest paid worker, so not sure what the board will agree for him!) which I'm not a big fan of personally (being in the latter category!) but feel it's the fairest thing to do in the context of the organisation's finances.