The payrise thread

[wighty]

On 9/5/2023 at 12:33 PM, Sackboii said:

People can apply for jobs all they like. On my most recent recruitment drive for one particular role, there were about 25 applicants. One met some of the criteria, all the others were just total chancers with zero relevant knowledge or experience. Ludicrous.

The other role is still open 11 months later..

Sounds as if the salary isn't enough to attract the right calibre you need

 

[nero120]

8 minutes ago, wighty said:

Sounds as if the salary isn't enough to attract the right calibre you need

My thoughts exactly.

[Sackboii]

1 hour ago, wighty said:

Sounds as if the salary isn't enough to attract the right calibre you need

 

Absolutely right generally, not my company though, the one I left almost a year ago..

[msi]

National living wage to rise to £11 an hour, Jeremy Hunt to confirm

The national living wage - currently £10.42 an hour - sets out the lowest amount workers aged 23 and over can be paid per hour by law...."Since we introduced [the national living wage], nearly two million people have been lifted from absolute poverty," Mr Hunt is expected to say.

 

5.6% increase to a policy idea that was introduced by NuLabour and then hijacked by the Tories who wailed it would cause Millions to be unemployed.

 

hahahahahaha

 

[fellow]

1 hour ago, msi said:

National living wage to rise to £11 an hour, Jeremy Hunt to confirm

The national living wage - currently £10.42 an hour - sets out the lowest amount workers aged 23 and over can be paid per hour by law...."Since we introduced [the national living wage], nearly two million people have been lifted from absolute poverty," Mr Hunt is expected to say.

 

5.6% increase to a policy idea that was introduced by NuLabour and then hijacked by the Tories who wailed it would cause Millions to be unemployed.

 

hahahahahaha

 

Happy about that as I'm getting 5.6% on my savings so the value is no longer being eroded by forced wage inflation.

[msi]

Bupa faces UK doctors’ rebellion over private healthcare fees

Hundreds of anaesthetists sent letters to Bupa on Friday informing the company of their decision to resign from contracts...Bupa wrote to anaesthetists on Friday to offer a 20 per cent increase in the rates for each procedure....one doctor described the offer as “derisory”, suggesting the dispute was far from over. “We are instituting a free market for professional fees around the country, as there should be,”...Insurers traditionally held a powerful position as they brought by far the largest volume of cases to private consultants and hospitals. This has been shifting as the number of self-pay and NHS-funded patients increased...

[msi]

Workers on voluntary Real Living Wage see 10% pay rise

[fellow]

3 hours ago, msi said:

Workers on voluntary Real Living Wage see 10% pay rise

I think the key word here is "voluntary". How much longer will these firms continue volunteering to follow these pay rises before reverting to the actual minimum wage?.

[Dreamcasting]

9 minutes ago, fellow said:

I think the key word here is "voluntary". How much longer will these firms continue volunteering to follow these pay rises before reverting to the actual minimum wage?.

Not sure, but lovely. Anything that drives inflation further and plunders Bailey into a meltdown 😀

[hotblack42]

3 hours ago, fellow said:

I think the key word here is "voluntary". How much longer will these firms continue volunteering to follow these pay rises before reverting to the actual minimum wage?.

Depends on their priorities.  It must be nice to be a rich company that takes the long view, pay better than average and watch competitors struggle with monkeys.

[PeanutButter]

Colleague at work got approached, asked company to match offer, they said there’s no budget but if you want we can make one of your team redundant and you can have their salary. 

Business.

[bushblairandbrown]

11 hours ago, PeanutButter said:

Colleague at work got approached, asked company to match offer, they said there’s no budget but if you want we can make one of your team redundant and you can have their salary. 

Business.

It makes no sense to use offers from other companies to ask for a pay rise.

If the offer was actually better then they would have already gone.

Feel underpaid? Ask for a raise. If it’s declined and then you find other employers willing to pay it, it’s a clear sign you need to leave. 

[fellow]

4 hours ago, bushblairandbrown said:

It makes no sense to use offers from other companies to ask for a pay rise.

If the offer was actually better then they would have already gone.

Feel underpaid? Ask for a raise. If it’s declined and then you find other employers willing to pay it, it’s a clear sign you need to leave. 

Don't be too greedy just before a recession. The highest paid and shortest length of service will be the biggest targets during redundancy proceedings.

[msi]

UAW strike: Ford and union agree record pay rise in tentative deal

...the agreement included a 25% wage increase over the four-and-a-half-year life of the contract, with an initial increase of 11%. The lowest-paid temporary workers would see pay rises of more than 150% over the period.

[reddog]

25 minutes ago, msi said:

UAW strike: Ford and union agree record pay rise in tentative deal

...the agreement included a 25% wage increase over the four-and-a-half-year life of the contract, with an initial increase of 11%. The lowest-paid temporary workers would see pay rises of more than 150% over the period.

Obviously I want all people to improve their lives.  But what is really the difference in skill level with putting some cheese and commandments on a burger, and fitting the same part in a truck repeatedly? (Obviously if the part was heavy some sort of tool would be used, which the person could use to operate in a morning). 

 

 

 

 

[fellow]

1 hour ago, reddog said:

Obviously I want all people to improve their lives.  But what is really the difference in skill level with putting some cheese and commandments on a burger, and fitting the same part in a truck repeatedly? (Obviously if the part was heavy some sort of tool would be used, which the person could use to operate in a morning). 

How do they put the commandments on a burger. Do the write it on by hand or use a stamp?

[reddog]

3 minutes ago, fellow said:

How do they put the commandments on a burger. Do the write it on by hand or use a stamp?

Autocorrect gone mad!  Should be condiments 

Edited October 26, 2023 by reddog

[PeanutButter]

2 hours ago, fellow said:

How do they put the commandments on a burger. Do the write it on by hand or use a stamp?

Thou shalt not gherkin.

[scottbeard]

3 hours ago, reddog said:

Obviously I want all people to improve their lives.  But what is really the difference in skill level with putting some cheese and commandments on a burger, and fitting the same part in a truck repeatedly? (Obviously if the part was heavy some sort of tool would be used, which the person could use to operate in a morning). 

And God said to Moses "You shall not steal.  Write that on a burger."

Douglas Adams and Terry Pratchett would be proud

[msi]

33 minutes ago, scottbeard said:

And God said to Moses "You shall not steal.  Write that on a burger."

Douglas Adams and Terry Pratchett would be proud

Explains  conflict with Hummus and ownership of the holy grill

[msi]

UAW strike: Stellantis and union agree pay rise in tentative deal

The agreement between the UAW and Stellantis will see wages for most workers rise by 25% over the next four-and-a-half-years.

The union also said that the lowest-paid workers at Stellantis would see wages rise by more than 165% over the period of the agreement.

[msi]

Travel agents lead pay rise league despite cost of living squeeze

TLDR:

Travel Agents  - up 21%

Public relations directors, publicans and directors  - more than 15%

 

Average full time worker now earns £35,000 up by 5.8%, so a 4.5 multiple brings an 'affordable' house to around £160,000?

[winkie]

On 24/10/2023 at 20:30, PeanutButter said:

Colleague at work got approached, asked company to match offer, they said there’s no budget but if you want we can make one of your team redundant and you can have their salary. 

Business.

Friend was telling me that a company they were working for for some time had to lose four people in the department out of nine people, they said they would like to keep them if they wanted to continue......they said they would be prepared to be let go to let a younger person with a mortgage and family to support keep their job.....telling me no regrets.

 

 

[Shep]

On 17/04/2023 at 17:51, Shep said:

The American company my partner works for recently sent an email saying no rise in April as usual, but they would look at it again for July "to make it easier for business planning reasons".  Internal rumours are it's as part of a cost saving before a sale of the company.  They are also closing multiple European offices, which is not surprising as most are still working from home and spend most of their time on calls to other countries/regions.

Well following this, no rises were announced (although in June she was added to the long term incentive plan "for important contributors" blah blah blah) and her company made 80+ redundancies across the organisation (from about 3500 employees) in August/September (including her). 

Her redundancy package was ok (she'd been there years), they hadn't followed the appropriate consultation but it wasn't worth the hassle/cost of going to a tribunal etc. especially when they'd either do the same again in a few months but properly, or pay out a similar amount, plus she was a bit fed up with it and might have been looking to move next year anyway (but this forced the issue).

As it's turned out it's probably been a good thing,

After initially being referred by a colleague, she's just accepted a job offer (waiting for start date) at another company in the same industry, in a role that would be seen as a one tier up promotion, gross base salary increase is about 35% but benefits are a fair bit worse (especially the pension, 4% less employer contribution and no salary sacrifice employer NI addition to the rest of the £40k she was contributing, and no share options/awards), so the real increase is less than the headline. 

A major upside is not needing to use much/any of the redundancy package in the interim, downsides (in a first world problem way) is trying not to get caught in the silly marginal tax band(s) and having to sort out new routines etc. including implications of a few days in the office (especially to start with) vs the flexibility she'd "earnt" in the previous role (and latterly there not being a UK office to go in to).  Another plus is, it's opened her eyes to the prospect of moving roles and considering opportunities outside of her current organisation in the future.

[scottbeard]

4 minutes ago, Shep said:

Well following this, no rises were announced (although in June she was added to the long term incentive plan "for important contributors" blah blah blah) and her company made 80+ redundancies across the organisation (from about 3500 employees) in August/September (including her). 

Her redundancy package was ok (she'd been there years), they hadn't followed the appropriate consultation but it wasn't worth the hassle/cost of going to a tribunal etc. especially when they'd either do the same again in a few months but properly, or pay out a similar amount, plus she was a bit fed up with it and might have been looking to move next year anyway (but this forced the issue).

As it's turned out it's probably been a good thing,

After initially being referred by a colleague, she's just accepted a job offer (waiting for start date) at another company in the same industry, in a role that would be seen as a one tier up promotion, gross base salary increase is about 35% but benefits are a fair bit worse (especially the pension, 4% less employer contribution and no salary sacrifice employer NI addition to the rest of the £40k she was contributing, and no share options/awards), so the real increase is less than the headline. 

A major upside is not needing to use much/any of the redundancy package in the interim, downsides (in a first world problem way) is trying not to get caught in the silly marginal tax band(s) and having to sort out new routines etc. including implications of a few days in the office (especially to start with) vs the flexibility she'd "earnt" in the previous role (and latterly there not being a UK office to go in to).  Another plus is, it's opened her eyes to the prospect of moving roles and considering opportunities outside of her current organisation in the future.

Thanks for following up for us

Hope she continues to do well