DamanC Posted January 28, 2008 Share Posted January 28, 2008 Hi guys, If I was to offer a yearly wage rise to an emplyee what is the normal average rise? It doesnt include 'pay rise' as such, just 'yearly wage increase' Is it in line with interest rates, inflation or perhaps the retail price index? Quote Link to comment Share on other sites More sharing options...
ManwithSupra Posted January 28, 2008 Share Posted January 28, 2008 Should be with inflation i belive, but to your discreation Quote Link to comment Share on other sites More sharing options...
tooquicktostop Posted January 28, 2008 Share Posted January 28, 2008 Around 2.5-3% is the norm for last year Quote Link to comment Share on other sites More sharing options...
Chewie Posted January 28, 2008 Share Posted January 28, 2008 About 2% and tell him to be grateful they've still got a job. Quote Link to comment Share on other sites More sharing options...
Thorin Posted January 28, 2008 Share Posted January 28, 2008 3% usually from my experience, anything less and I'd feel aggrieved personally. Quote Link to comment Share on other sites More sharing options...
DamanC Posted January 28, 2008 Author Share Posted January 28, 2008 Ok thanks guys Quote Link to comment Share on other sites More sharing options...
Kranz Posted January 28, 2008 Share Posted January 28, 2008 Higher than my massive 1.9% I'd suggest, or they'll strike Quote Link to comment Share on other sites More sharing options...
edd_t Posted January 28, 2008 Share Posted January 28, 2008 eeeeck, was gonna say i get a measly 4%, but after them comments I'm feeling a little better. Quote Link to comment Share on other sites More sharing options...
Digsy Posted January 28, 2008 Share Posted January 28, 2008 Go to http://www.statistics.gov.uk and look on their inflation page. The metric that wage rises should be judged against is the RP02 index. Any statutory award should really be based around this, otherwise your employee will effectively be worse off than he was last year, even after the payrise. However, because of abnormally high inflation last year, and the economy slowly going up the swanny, few pay deals are keeping up with this (hence all the strikes and demonstrations). Quote Link to comment Share on other sites More sharing options...
Max Headroom Posted January 28, 2008 Share Posted January 28, 2008 When I was working for Specsavers I got a rise of 9% and 7% But I will let you work out 9% of not much Quote Link to comment Share on other sites More sharing options...
Havard Posted January 28, 2008 Share Posted January 28, 2008 Surely it depends on what you earn. When I was on 9k. I was offered a 1k payrise. (11.1% rise.....) I told them that 11.1% of fook all was fook all and therefore they should gently place their job in their rectal passage. They went away and came back with an offer on 13k........ Now I'm on a lot more money so a 3% rise is actually quite a lot in pound notes so it's easier to accept! H. Quote Link to comment Share on other sites More sharing options...
Tom S Posted January 28, 2008 Share Posted January 28, 2008 I am expecting a 10-15% rise soon...... Quote Link to comment Share on other sites More sharing options...
jim_supra Posted January 28, 2008 Share Posted January 28, 2008 I was supposed to get a 4.1% rise at christmas, but as I'd not been with the company a full year they pro-rata'd it so ended up with 2.3%. Quote Link to comment Share on other sites More sharing options...
Konrad Posted January 28, 2008 Share Posted January 28, 2008 I got 24% payrise Quote Link to comment Share on other sites More sharing options...
wallace9 Posted January 28, 2008 Share Posted January 28, 2008 I waiting for an appraisal and word of my payrise which will be in april. Been told to expect aroung 5% Quote Link to comment Share on other sites More sharing options...
Thorin Posted January 28, 2008 Share Posted January 28, 2008 We wasted many millions developing a project that never got off the ground before it was scrapped. I'm not expecting a large pay increase this year... unless I get promotion. Quote Link to comment Share on other sites More sharing options...
Digsy Posted January 28, 2008 Share Posted January 28, 2008 Daman is talking about a statutory (cost of living) raise only, so everyone crowing about getting increases in double figures aren't comparing apples with apples (good for you all, though ). Quote Link to comment Share on other sites More sharing options...
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