AIBU to ask if you got a pay rise and how much it was?

[waytogohome]

The ONS reported earlier that the average wage has risen by 5.9% in the last quarter of last year compared to the year prior. Wage growth was apparently highest in the private sector, slightly lower in the public sector. At the same time, there seems to be a rise in unemployment in some sectors, reduced job vacancies and lots of reports that the job market is tough. I wonder how much of this is due to the large rises in the NMW and state pensions as I've not seen such large rises amongst friend/family except those at the bottom of the income spectrum.
I'm self employed and haven't increased my rates for a couple of years so obviously had no pay rise.
Can I ask whether you had a pay rise+/- bonus and what percentage increase it was? No need to state your salary.

5% I think

4.5% last year
Already been warned that because of the NI changes by the government it will be low/nothing this year

3.5% payrise and 22.5% bonus plus a small amount of shares. I work in finance.

I consider myself lucky. My DH works in senior management in construction and got 2% last year. Not heard anything yet for this year but not holding out.

85-90% depending on what the exchange rate is doing.

Not a promotion or change of role, just left the UK for the US.

Just to add, same company, same job title, same level of responsibility. The cost of living is approx. 50% higher here than in London and the tax slightly lower. So still a huge pay rise in real terms.

How stagnant wages have been in the UK is a disgrace.

Private sector (bank) 2.5%.

I asked for a rise last month and got 8.2% on my basic salary + increased cash/stock bonuses. Together it equates to around a 20k rise before tax.

A little over 7% pay rise, no promotion but I was promoted the year before and I have slogged my guts out in the new role and had an excellent review.

10% August 2022 - after probation and promotion
8.5% April 2023 - annual pay review
10% April 2024 - annual pay review

Likely April 2025 will be between 8-10%

Private sector

There was plans for us to get a rise last year after union votes but NMW rose so instead of a reasonable rise they decided to just match that instead. So likely come April the same will happen 🙄 i work in retail

1.75% with an additional 0.75%, as I did very very well last year. So overall 2.5%.. it will not cover the cost of me having to now go into the office twice a month, despite having WFH very very successfully & far more productively for the past 5 years. Plus my actual boss lives in another country (a plane ride away) & I've never actually met them in person.

5%

Local government 1% last year. Pay has devalued for the last decade. I don’t understand how we’re supposed to manage the increased costs of all the utilities and food etc. with barely no increases apart from those on the very lowest scales.

My last pay rise was last April and it was 2.5%

Private

5%

been between 4-9% annually for years

You don’t say what you do, do some market research on people offering similar services and see if you are still charging the going rate. If you’re not put your prices up to match. If you have regular clients give them a months notice of increases and for new clients increase with immediate effect.

2.2% local government.

My company has a 4% pot for payrises but it’s not given equally. For my team it’s:

2.5% for anyone who has joined in last 12 months or had a payrise in the last 12 months

4% for most other people

up to 10% for those who are the lowest paid or are lagging on their jobs payscale and have stagnated due to length of service /
previous low/no rises.

bonuses were paid this year - ranging from 5-25% of salary (based on position / contract)

Private sector company which has done well this year.

5% but had a big change in job scope so I’d argue that’s tiny for the extra responsibility I took on.
I ended up quitting and moving to another company and got a 16% raise. Having said that the new job is a lot bigger and more senior than my current one so I think they got me at a bargain 🤪 I didn’t negotiate and regret that.

I work as a chef de partie in a nice restaurant/hotel, and everyone had a pay rise last year, different job titles had different amounts but the CDPs all had around 20%. So I think it went from 26,374 to 31,200. Felt huge at the time, and was absolutely appreciated, rumour has it there’s another one on the way to stay ahead of the NMW increases, as the company tries to keep everyone above that basic wage.

I can't open my last salary increase letter because the person who sent it has left the company and he was saved on their one drive 🫠 obviously my own fault for not saving a copy but they're usually letters attached to the email.

However I can get to my bonus letter and that was 5.4%

This year's increase and bonus is still with HR so god knows when we'll get it - the good thing is they backdate it so I don't get too stressed about any delays.

7.6% 2024
9% 2023
0% 2023
0% 2022
0% 2021
0% 2020
0% 2019
so they were needed

5% plus a 12% bonus.

Currently public sector but have been normally private sector. My pay rise was 25% but that was a combination of a cost of living and also a regrade which was basically out through to stop me leaving as my skill set is extremely difficult to recruit to.

What I have seen for many in the private sector is pay rises are very run of the mill or zero unless the employer is scared you will leave and are hard to replace. The trigger is definately when I and also friends have done obtained another job and then the pay increase offers flow. The tricky bit is deciding whether to stay with a company that didn't value you properly and only paid up when you were leaving. I have always tended to take the new job and that has always worked for me

You might be better off researching competitors to your business and seeing what they charge for the same thing.

I am also self employed in the service industry and regularly keep a check. I put new customers on the higher rate and leave existing customers as my customers will naturally leave me once the job is done over a couple of years.

none of the big companies worry about price increases so decide from April 1st price for XYZ is increasing to ££££