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House Price Crash Forum

What Do You Think Of This Pay Deal?


Darkman

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2.5% increase this year, 3.5% next year, and a performance related possible 4.5% in the third year. So this "rise" is a 3 year deal, obviously at the mercy of future inflation and subjective performance appraisal.

I'd simply call it a cut. However in these times, could it be a lot worse....

Any thoughts?

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ok well that's encouraging. And no fears of inflation running rampant then? Many on these forums believe it'll run out of control sooner rather than later...... printy printy. Remember the deal is tied for 3 years. No renegotiation before then.

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Sounds good to me, sure it's lower than inflation (real or otherwise) but I doubt many people out there are getting anything like an inflation rise any time soon.

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Yep.. take it.

Not many companies are going to be paying over 3% across the board rises, most will be paying less.

If you want an inflation busting pay rise you are probably going to have to move jobs, change roles or take on more responsibility.

If Mervyn thought there was any possibility we would all get 4-5% inflationary pay rises he wouldn't have said we would all be getting poorer :(

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