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The mkiv Supra Owners Club

year wage rise, rates?


DamanC

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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?

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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).

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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........:D

 

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.

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