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

NHS are not getting 5% across the board.

I work for the NHS and am getting 2.9% however the amount I have to pay for my pension is increasing by 3.2% so I am actually taking a 0.3% pay cut. My pension pot does not increase even though I am required to pay more in.
This means that staff with less responsibility (lower band) have higher take home pay than me. There is absolutely no reason to progress in the NHS any more.

And the government wonders why there is a workforce problem

DH and I are both public sector. I got 1.25% he got 1%. The biggest pay rise either if us has had in the last 10 years was 1.75%.

I work at a uni too; what lecturers are on mega bucks?! They’re hugely underpaid and overworked at all universities I know. Professional services, conversely, pretty decently paid.

Ex public sector organisation so although not LG any more still under LG terms, the flat £1925 for all bands which as a higher band means its less for me as a % than lower grades but I actually think it's quite a fair way to do it.

I'm earning more than my age now which has been a life long ambition. I've been just behind my age in salary k for most of my career!

The whole company got 5%. We used to have performance-related pay increases but this year it was changed to a flat 5%. It doesn’t cover the increase in COL due to Inflation so it’s not really a rise.

I am fortunate that I was promoted around the same time and received a 32k increase that way.

I'm getting 4%, so not great. Equates to about £5,500 extra per year

Nope. I got £7k in total last year but nothing this year

My work follows the same pay scale as our local council and it seems to be about 5% annually.

Similar situation to you @Metabigot but I am on one of the lower scales so I'm seeing a 7% pay increase at my salary . It's great to have a decent rise for once - and shocking that even now it doesn't keep with inflation . I agree that in current climate giving a set amount rather than a percentage is a fairer way to do it .

Until this year local authority pay rises have been well below 5%.

You need to be very clear when discussing this. There are cost of living pay rises which in local government is usually 2%. That is it for me - no other pay rises or bonuses or increments.

my partner in private sector got a cost of living increase of 6% plus a pay rise based on turnover of around 11%. Yet he will conveniently forget the 11% when we are talking about pay rises snd say he got only 6%.

I cannot remember when I got a cost of living pay rise above 2%. In the famous austerity years it was nil. So if you look at my salary over the last 10 years it has gone up around 1%.

I'm at my company 10 years and didn't get a penny pay rise for the first 8 years. Crazy now when I think about it, but I didn't really see the value I brought to the company in myself. Luckily I then got a new manager who really valued me and I got a 20% payrise. It was a lot in one go, but over 8 years waiting is a long time.

We are paying an increase that 10% less than average private sector pay increase, which is 6.2% so we are are paying 5.6% increases. The senior team who are also co-owners are taking 2% per annum fixed for 24 months with no profit distribution in that period.

Oh got 10%. I got 4% in nhs

I work for a large multinational bank. Iv worked for various banks for the past 15 years. Never received more than a 2.5% annual rise. The only way to get a rise is to jump ship every few years. Its a shame but loyalty doesnt pay.

DH also in private sector received 8% last year. He is in manufacturing. Id never heard of anyone getting anything like that before.

Both of our annual rises are announced in January. Im interested to hear whats coming next for us both.

Private sector.
We were given an across the board £1.5K which was worth up to 8% for those on lower grades but 3% for my team.

I work in payroll for a small family run company. Raises aren’t given on an annual basis but on the whim of the MD. They aren’t a set percentage either, but are usually £1-£4K per year. Some employees receive several rises in a 12 month period, while some have gone years with no raise at all.

What's the basis for who gets a pay rise and who doesn't @Tangled123 ? Is it based an performance or on who the MD likes? Or are some just better at stating their case for an increase?

@FightingFatAt49 A bit of both. Some people ask for raise but don’t always get it. One ex colleague was promised a raise in a few months time, but left because the MD changed his mind when it was time to actually pay it. Another colleague gets a small raise every year but she is an exception. Other people get pay raises for taking on more / different responsibilities, but that isn’t always guaranteed either. Some have been negotiated by new starts for when they complete probation. Other raises seem to be handed out at random when we’re finalising the monthly payroll.

I get around a 2% rise every year, although it's been more than that the last few years. This year I'm getting an extra 7.2% on top of that (all public service workers are getting this rise in wages). I'm a nurse in Ireland.

I work for a large corporate, private sector. I got 3% which I was happy with as it comes after a couple of years of no pay rise. A lot of people I speak to seem to think that private sector employees get big pay rises and public sector ones don’t. This isn’t true at all in my experience, although people don’t really talk about salary much in real life, it’s a bit of a taboo - it probably shouldn’t be!

Average regular pay growth for the private sector was 6.2% in June to August 2022, and 2.2% for the public sector; outside of the height of the pandemic period, this is the largest growth seen for the private sector and the largest difference between the private sector and public sector.
www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/averageweeklyearningsingreatbritain/october2022#:~:text=Average%20regular%20pay%20growth%20for,private%20sector%20and%20public%20sector.

Private sector. 1-2% usually. This year it's 3.5% "to reflect the cost of living". It's not true at all that private sector is wanging good rises about.

@Beenaboutabit tjats interesting….I wonder if it’s skewed by a few companies if that makes sense, or areas like investment banking and more ‘run of the mill’ private sector jobs is more in line with public sector