Reply With QuoteNo it hasn't although this years is slightly higher. I've only been there 3+ years and before that, nittoOriginally Posted by MrSmith
I’m not very good at maths but surely that hasn’t even kept up with inflation.
No it hasn't although this years is slightly higher. I've only been there 3+ years and before that, nitto
I’m an Ops Director for a manned guarding company and I haven’t seen a payrise for 3 years now?!
With the lack of Police and more people turning to private security (even the Police) the sector is doing well but we had an Ops Manager leave us at the end of last year who took £750k of contracts with him!!??? Been with us 12 months and managed to steal a client we had for 20yrs so that’s why we haven’t been able to get a payrise!!!
Good luck to anyone who gets one, I do wonder where they get these payrise figures from?? Surely a couple of top bankers etc who have had a huge payrise must bump the average up?!?
Chris
Good sense of humour.
I just got a £16k Christmas bonus so I’m going to buy an IWC to improve my status in life ;)
Threatened with firing last year . ( altercation with manager after he accused me of losing a contract and swore at me down the phone when I was on leave, 24hrs later got a phone call from the client asking me in for a standard meeting ... business as usual).
16k pay rise this year from same manager ( not had a payrise in 5 years).
Threatened with firing by manager again this year ( along with 3 other senior staff) due to a contract delivery running late . Resource allocation insuffucient , resource allocation is not my job and even then I flagged it multiple times to same manager.
Was accused of being “alarmist” 4 months later same guy is frothing at the mouth because the client has stuck a poker up his ass. His response shoot the guys who were responsible for warning him. This is like killing the pilot when he tells you the plane is out of fuel because you didn’t fill it up.
So now as well as delivering the project with sod all support from higher ups I have to placate the other critical staff after this idiot has alienated them when they’ve been killing themselves to get the work out and the client who only brought the project over ( my 5th for them) if I was the chief creative on it.
Assume I’ll get a £20k rise next year . Getting threatened with firing seems to be a strong indicator of pay rise.
Same manager told a bunch of the key critical staff that they couldn’t get a ( tiny) pay rise this year. He did it with a brand new bronze Royal Oak hanging off his wrist. “Nice watch, Royal Oak?” I said at the end of the meeting .
He said “Yeah thanks its a new one” ... slow on the uptake this guy.
I really don’t know what this guy does to be honest. He doesn’t win in the work ( I do) , he doesn't execute or oversee the work ( I do) and he’s got zero rep in the industry ( I do).
Everytime this guy calls me up its going to be some bullshit rant. My clients don’t want anything to do with him.
Sometimes the money ain’t worth it.
That’s the spirit!
As above, think the 2 year deal was the lube for shafting us with the pension change though.
Pay what????
M
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Breitling Cosmonaute 809 - What's not to like?
got 3% which was a pleasant surprise...I am not complaining either way
3.2% here, plus an unexpected £150 Crimbo bonus, which is nice
No pay rise this year (or last year) and no bonus or Christmas do.
But I’m at the bottom of the pile so it’s expected.
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Lol
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?
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RIAC
Thoughts and prayers.
Bumping this given the massive inflation going on at the moment.
With RPI currently at 7.1%, unless you are getting a similar pay rise in 2022 you are getting poorer.
I can see a few strikes and unrest happening, as nobody gets awarded over 7% pay rise in the real world, and it looks like it is only set to get worse.
Pissed off last year, got 1.5% saying how times were hard etc etc, only to find the company a month later reported record profits in excess of 750mil
I don’t want to give too much away about my employer but I believe April 2022 will see 2.0%. Used to work a second job and also book time off to work at Festivals but the pandemic has quashed all my second income streams. As mentioned, inflation is realistically way higher than published figures ; unless we are all buying new TVs and tech every few months, so it is not looking too Rosie. However, I am gutted for travel and hospitality; as well as everyone affected by the Pandemic who will be massively affected, so I really should not moan. Sympathy and best wishes to everyone over the festive period and to all worse off or in fear of their jobs. I really hope things work out for you.
What is this “Pay rise” thing ?
As most employers costs have risen significantly, covid, supply chain disruption and shortages are affecting profits significantly, unless you work for the government, banks or insurance companies I wouldn't be holding my breath for an increase.
Indeed.
M
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Breitling Cosmonaute 809 - What's not to like?
It´s being reported that essential workers, are thousands worse off than a decade ago, pay simply hasn´t kept up with inflation. Then there´s the higher taxes, levied via the NI increase next year, essentially a jobs tax which the lower paid, ergo critical workers will feel most. Ostensibly to fix the Care sector, though I have my doubts personally.
https://www.theguardian.com/money/20...e-ago-tuc-says
When I worked... sales of advertising, media solutions, sometimes event sponsorships I always tried to secure as a minimum 3 to 5 percent annual increase otherwise you´re simply micturating into the breeze. Apply the LIM process of negotiation, LIKE, INTEND, MUST GET...figure out ahead of time and then stick to your numbers, go in armed with a list of your achievements and examples of overperformance. Perhaps easier to do in a sales, trading type environment.
Good Luck.
Wishing everyone a healthy, happy and prosperous Christmas and New Year.
Will be interesting to hear what you get as we both work for the same company!!
and that’s without the extra 1.25% we’’ are due to lose in April
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Unfortunately not possible in the public sector. The only way to get a decent pay rise to is to get yourself promoted!
Also the personal allowances have I understand been frozen, so over time the tax free part of your salary won´t keep pace with inflation, a sneaky and invidious move imho. Due to last until 2026, so by no means a here today gone tomorrow move and might be extended.
Yup...unfortunate that, I guess you can´t also play the card/ sow the rumour you´ve been headhunted by the competition ahead of annual performance- salary review time.
It is not just purchasing power that is being lost, but also fiscal drag. Tax bands stay roughly stationary and salary increases push you quickly into higher tax bands.
Then watch any cash savings in the bank dwindle in purchasing power.
Inflation is a insidious and pernicious tax that nobody really worries about. But, it should be a top priority if you want to keep up your standard of living. Imagine if the Government increased income tax by a few percent!!
The obvious answer is to convert the cash savings into assets for which there is a demand. Normally just buying into equities will do the job.
Try buying a few Rolex or PPs, it's just a new way of living but leaving a load of cash in a bank or building society is a mugs game.
Indeed always, inflation even when low it's there, important to recognise that, try to act, plan accordingly. Time and tax, 2 of the bigger factors which impact your wealth.
Crypto Mick that's the way forward!...this in no way represents financial advice.
Last edited by Passenger; 24th December 2021 at 11:00.
I have no interest in crypto and Buffet advises to run away from it. But I just can't comment on it because I know nothing about it.
However property and equities nearly always do well during inflation. You have been around long enough to know that.
The golden rule is to get shot of cash because it devalues.
Agreed all cost bases gone up but also had to increase staff wages by in some cases 25% or they would just leave regardless of time served not sure how this next year will pan out
Twas but a joke Mick...I'm not myself a believer.
I like a cash reserve, the sense of security and accessibility, but I'll admit these days it doesn't pay, fortunately hyperinflation of other assets makes up for that.
But my apologies we've drifted off topic.
I'm in the process of buying an apartment on the Welsh coast as a weekend place using our cash savings. Mrs.R was concerned about the running costs (about 6k pa taking into account double council tax, service charge etc).
Until I explained that the cash being used for the purchase plus the savings I've ringfenced to pay the running costs for the next 7 or 8 years were worth 5-6k less for every year sat idle in the building society anyway. It takes on a whole new light then.
We’re trying to do same at the moment albeit on the South Coast. Money is shrinking all the time it’s in the bank! Only problem is the place we’re buying isn’t registered at the Land Registry…our offer was accepted in July and we’ve made 0 progress since! We’ve started looking for other property now but it’s the wrong time so not much coming on…
Yes, very quiet at the moment but good luck with your buy. Patience is key for you now but that is a long time to wait.
We were ready to buy last year, but the market was effectively closed down and we were quickly priced out of our first choice area when it started moving again. Our offer on this one was accepted in October, and yesterday the searches came back, so something is happening thankfully.
Decent increase set for Jan due to a restructure although nothing in writing currently re basic. I’ll believe it when I see it.
It’s nonsense though as in sales you never really get a pay rise. Your basic goes up but then somehow your bonus magically goes down and your P60 shows pretty much the same value year on year. Sometimes less.
However pension is only done on basic salary so the extra contribution is the only real increase you get and that’s the bit I generally look forward to.
Last edited by wileeeeeey; 24th December 2021 at 12:57.
2022 pay increase will be paid from Q3 2022 and will be RPI + 0.25% (based on RPI value at July 2022 from the ONS).
This was agreed in 2020 as payrises are agreed for 3 years at a time.
I have a feeling there will be a get out clause saying the company might fold if they honour their word.
Interesting to see what the ONS figures say in July 2022
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Correct and it has been so for a very long time. I’ve managed to get the promotion to the grade I’ve been working bloody hard for for a long time so am now in the best financial position I’ve ever been in. It has meant taking a few risks and putting myself into roles that were challenging and sometimes uncomfortable but it has paid off now.
Last year I got a 14% Clinical Excellence Bonus, which you apply for and a scoring system ranks you against the other staff
I then gave about half of it immediately back to the taxman.
Then a 3-4% pay rise across the NHS for all doctors
Then I got about a 1% pay cut, what with NI increases.
This year I got an additional 3% tax bill for growth in my pension pot (The Annual Allowance trap !) Pension growth happened because of inflation, which I can't control.
This year also my hospital asked me to take 4% pay cut in regular hours reduction, but then asked me to continue doing the overtime, which I charge at about 300% of the hourly rate, and netted me a 10% overtime bonus.
- which I immediately paid half back to the government in income tax.
So public sector working in the NHS is a pay/tax farce. The money just goes round in circles.
It's not all bad, I live very comfortably and will hit my LTA with the NHS pension pot in about 8-9 years.
I work probably 56-60 hours a week, including weekends and night work.
re Sales that genuinely wasn't my experience or the wifes come to that, we started in the same field B2B media, though she went more exhibition sales and management, I flitted between B2B, contract/customer publishing and newspapers..frequent moving can be another successful strategy though that doesn't come without new job/ new challenge pressures... but I suspect our experiences might be an outlier not the norm. And of course the times are always a changin'.
Last edited by Passenger; 24th December 2021 at 13:40.
got 6% a few moths back - but 6% of not very much isn't much either !
stepped back from well paid engineering career a couple of years ago , down sized and moved to Scotland. at 52 am too young for full retirement so currently working in the primary food production industry.
As one of the token english speakers (and that includes half the locals) all this bollocks about not being able to hire staff is RUBBISH. companies cant hire because the pay is too damn low and they are unwilling to train new starts properly.
I can pootle along nicely without touching my savings as no kids and no mortgage but even with both halves of a couple working in this industry no chance of saving for a mortgage deposit , no easy time raising kids and forget things like decent holidays or heaven forbid an overpriced bauble like a swiss watch. enjoy your turkey , salmon , beef , veg & fruit etc ...
Pay rise lol. Just got binned after seven years
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In the old days it was a lot more clear cut but these days there is a lot of smoke and mirrors on salary and incentives.
The trick usually is to find a new job where the basic matches your current OTE but that’s easier said than done and gets harder each time. Personally I’ve found that start/scale ups have the worst benefits and the longest hours by a country mile. I wouldn’t bother with another.
I’m currently technically unemployed but will be starting a new job in January.
My previous job went from being an averagely paid for my industry and skills with the massive bonus for me of working from home 10 years ago. To 10 years of an average of less than 1% per annum pay rises and work from home being incredibly common.
Covid knocked our industry very hard so after discussions with the CEO about the possibility of pay increases I started scouting for new work.
My new job is 90% wfh and carries a significant pay bump so I’m losing very litttle on the work life balance and gaining a lot.
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Training has become someone else's problem/cost, and it's really short-sighted. I have little sympathy when companies are unable to recruit with the double whammy of low wages/lack of training. If you don't invest in your staff and remunerate them sufficiently you will be spending any savings on disruption of precesses and recruitment costs. We have been spoilt by people willing to work for poor pay for too long.
I have hopes for January too but for a slightly different reason: two additional employees transferred over to me earlier this year whose compensation is significantly higher than mine despite far less stress and responsibility. In my industry it is extremely rare for managers to earn less than their staff and it is always a short term glitch. A situation HR are very uncomfortable with. I have been verbally told this is not sustainable (in a positive sense). Don't feel like their answer to this is getting rid of me, given my annual performance review but who knows lol. Another case of "I will believe it when I see it".
We always stuck with the establisheds, used them as they used us 9 to 5 and hit the property thing weekends and after work.
Yes it' was a good trick. For me it was only ever time limited experience, eventually everyone burns out. I've seen it a couple of times in former colleagues.
Last edited by Passenger; 24th December 2021 at 16:48.
Pay rise, the only pay rise I get is if I put the rents up on our properties, lol.
Although I did get an increase of 4% on my pension this year.
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