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Original poster

Private Sector: What pay rise are you getting

71 replies

Blip · 28/02/2023 20:27

Dd is trying to negotiate a pay rise from her tech start up employer. She is early 20s, earning a bit more than minimum wage, has been there a couple of years. They say they are very happy with her work.

If you are working in the Private Sector what kind of pay rise are you getting this year?

And any tips on how best to negotiate with your employer?

OP posts:
cheeseisniceyah · 28/02/2023 20:35

Ours is company wide. Not sure it's up for negotiation. 5%

cheeseisniceyah · 28/02/2023 20:35

Sorry if I read it wrong. I'm on about our standard inflationary rise.

Mushroo · 28/02/2023 20:36

3.5% :/ and that’s after union negotiations

CornishGem1975 · 28/02/2023 20:37

We had a company-wide 8% pay rise.

QueSyrahSyrah · 28/02/2023 20:40

Ours varied depending on role / salary / performance. I got just over 7% that took me up to the nearest 'big round figure', my team each got a bit over 10% - less in actual amount of cash terms than me but a big bump to them that I was pleased they got because they deserve it.

Ketchupwee · 28/02/2023 20:44

Our average is 5%

simplespimply · 28/02/2023 20:44

I got a 25% pay rise after my mat leave, but that was to help cover childcare costs

vipersputpaidtomylastusername · 28/02/2023 20:45

Wow, surprised at some of these. I work for a pharmaceutical company that has done very well in the last few years and will be lucky to get 4%, some of my team less than that :(.

Ketchupwee · 28/02/2023 20:45

But what an individual gets is based on length of service, performance and position in range

Caramac555 · 28/02/2023 20:46

6.6%

Original poster
Blip · 28/02/2023 20:47

So many below inflation rises 😞
Has it made you start looking for another job?

OP posts:
Figgygal · 28/02/2023 20:50

Company budget is 5% for increases wont know my own increase for another week or so but not expecting more than that despite being a high performer with niche skills
I'm not looking to move pay isn't everything

brawhen · 28/02/2023 20:50

I run a small business. I would never give my staff less than inflation.

Unless maybe the business was struggling so much that the wage bill was a major factor in survival - but even in desperate times I'd probably prefer to manage out one of my weakest and take headcount down rather than give my good staff a pay cut.

Ramsd · 28/02/2023 20:51

11% - we are very lucky!

Ketchupwee · 28/02/2023 20:52

It's not realistic to expect pay rises in line with inflation, cost of labour and cost of living are different things (and of course no one was rushing to refuse the above inflation pay increases when it was really low were they?)

Mushroo · 28/02/2023 20:53

Blip · 28/02/2023 20:47

So many below inflation rises 😞
Has it made you start looking for another job?

I’m not looking to move as I love my job and it has other good stuff like 11% employer pension contributions and very low stress.

But, if it continues to be below inflation for a few years I’ll essentially have to move as I’ll be priced out of my current lifestyle. I’ll be really sad if that happens.

GoldenLaurel · 28/02/2023 20:55

My husband got nothing!

Alarae · 28/02/2023 20:56

Ours should start coming out next month to be announced early April (we get paid mid-month). They were decent last year in that everyone got at least 7% between April and an additional balancing rise in October (so if you got 4.5% in April, you got 2.5% in October) as that was around what inflation was at that point.

Obviously inflation is still rampant and technically this is a new pay review, so they shouldn't take October into account. They also do benchmarking every year against the market, so assuming the market has increased around me for similar job roles, my pay should rise in line with those.

To be honest, I would be happy with 5%. I'm fortunate to earn a decent salary so it will represent a couple of grand for me. I appreciate my salary would have decreased in real terms but I honestly cannot see them agreeing 10% rises for everyone.

Anotherschooldilemma · 28/02/2023 20:59

I work for a global company.
I got a 4% payrise and 7.5% bonus. I got similar last year.
I wouldnt expect it to rise in line with inflation tbh - company profits are down. I dont see how pay in line with inflafion would work in the long run.

JustJamie5 · 28/02/2023 21:00

Only 3%..but I work for a charity with no money, but they are lovely and I get a good work-life balance, flexibility and I work with so many lovely wonderful people.

Hopefully inflation will reduce…. And I do think if everyone is increased to the current cost of inflation it will just cost companies more and then prices will need to increase even more to cover the wage bill …..it’s like a vicious circle! … so we need a bit of an increase so that we can all live etc. but not so much of an increase that it drives even more inflation (but! I’m not an economist and I’m soooo incredibly glad I don’t need to make any decisions about this stuff!)…. That orrrr the mega rich need to chuck money at us!!!

MsPussinBoots · 28/02/2023 21:01

Only 3% here. I love my job but the travel cost increase has already been over 3%, let alone mortgage and bills. Work for an IFA.

TinklyLaughTime · 28/02/2023 21:06

9% payrise and an annual bonus that's about 17% of my annual gross salary (banking).

FatAgainItsLettuceTime · 28/02/2023 21:06

What is her job? I access to a 2023 Salary guide which can give an idea of the average salaries by experience for a role. That would give her an idea of whether she's on par with other people in her role.

hoophoophooray · 28/02/2023 21:08

My husband runs his own business and gave his staff 7% and a £1000 lump sum bonus in January as the company did well last year

Yuja · 28/02/2023 21:18

I got 10% in January, but this did come with a small promotion too, so I have a bit more to do for that money.

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