What payrise are you getting / did you get this year ?

Having to take a pay cut. Company I currently work for is struggling and tightening budgets.

Not nice
 
SmallTown said:
Having to take a pay cut. Company I currently work for is struggling and tightening budgets.

Not nice
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That’s awful for you ST and for others who will get nothing.

I work for the civil service, our union and department not due to meet until June I am told. I expect we will get 2-3% backdated at Christmas time so people will accept it as they want the money then.

In the circumstances you outline I am not complaining.
 
Randy said:
13% plus bonus paid in September if personal targets are met.
My industry is really struggling for staff though. The headhunting is off the scale at the moment. I nearly left my current job a few weeks ago for a new challenge but was persuaded to stay with a pay rise and some other favourable working targets and conditions. My CV is still on Indeed and I'm contacted at least once a week with job offers.
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I was actually thinking of this just now. I work in Twickenham and there's a lot of 'nice' cafes, bars and restaurants. Just walked down to the river and back and there's two places that should be making a killing today that are both closed due to staff shortages.
 
People can't live in nice parts of London and earn only £9.50/hour or £340/week - a shared flat is £200/week in rent. £9.50/hour is cafe rates of pay in London. On the £340, 13% goes in NI or £44 and another £18 in income tax that leaves £78 for utility bills and food per week. My guess is there is nothing left for any other living costs.

Living wage went up by 6.6%, but rents are going up by 8% to 10% per year, energy bills by 40%, food billls by about 8%

I noticed an elderly relative of mine had their state pension increased from £607 to £617 thats not per week but per month, to live on. The increase was 1.65%. Even with a small private pension their income is only approx £900/month. Their income is too high to claim any state benefits. I imagine most MPs claim much more just in expenses paid for by the State.
 
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Brian Marwood said:
The threshold has increased for NI too so you should be paying lower if you earn less than £30k.
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No, my pay was a little less due to the NI increase. Think it tax threshold changes again in July so will probs even it self out then.

Still a pay cut in real terms with inflation etc
 
Matt said:
Software engineer/developer

So many opportunities due to remote working, and a booming industry
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Hmm. Any chance of having a word with my company? We're in the same game but significantly lower increase. Hopefully the next review in Decmebr will play catch up otherwise I'll be looking to jump out to a better paying competitor
 
Dybuk said:
Hmm. Any chance of having a word with my company? We're in the same game but significantly lower increase. Hopefully the next review in Decmebr will play catch up otherwise I'll be looking to jump out to a better paying competitor
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Honestly, I would just get in touch with a recruiter and see what they have, at least then you understand the market you are in and what you could be looking for. Then you can take it to your bosses. I imagine you have recruiters contacting you via email/LinkedIn fairly regularly? It is definitely worth a quick conversation with them, if you are open to other options.

Even though we got a good payrise, it didn't happen totally organically - someone had to go to the higher-ups and say that they are constantly getting contacted about jobs paying 40% more than what they earn at the moment, they don't want to leave but it's getting hard to ignore. From there they did a full review of the team. To their credit, they saw the situation and reacted to it in a positive way.
 
Brian Marwood said:
The threshold has increased for NI too so you should be paying lower if you earn less than £30k.
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I think this kicks in from July so for the next few months most will be worse off (as the NI increase kicked in from April) before a slight improvement.
 
Think it will be few and far between those who actually get an increase in real terms.
 
Ive been very fortunate over the last 12-14 months, albeit the first payrise I got was somewhat overdue. But we've also made some market/benchmark adjustments etc that have proved quite beneficial.
 
All companies in the industry I work are struggling to recruit. Company went through a benchmarking exercise and I got around 10%. Clearly I was being underpaid!
 
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