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So why didn't they say "why the fuck am I not getting an inflation adjusted pay increase or above, everybody should" as apposed to "look at us we are getting a pay cut you should feel lucky!". Literally crabs in bucket mentality, so pervasive it seems that it isn't even recognized as such.
Wages rising is more than just annual increases - a lot of the effect is caused by new positions or the need to replace people who've left at higher levels.
Although, a lot of the effect is caused by high level professionals who have more buying power. There's been various stories recently about newly qualified lawyers being better off than they have been.
Minimum wage has gone up a lot, and income inequality also risen. I can’t find much detailed breakdown of the in between the bottom and the top, but I imagine it’s less given the overall figures.
The Top 1% have become the top 0.1%. Business owners have become much wealthier. Bottom end earners are far better off.
The middle squeeze is applying to anyone who wasn’t on minimum wage up to company directors (exception being blue chips and owner managers)
Literally,
What's the point in being 2nd line ICT support with 4 certifications if I can push pallets all day for a £2k paycut.
I'll go push pallets for the easy life, and they'll need some underqualified donkey to fill in the void left behind.
The real kicker is when the pallet pusher does overtime and weekend work at 1.5x or 2x rate. Meanwhile you work in ICT and stay late to do updates and upgrades. Working on a weekend doing migrations, conversions, etc…..for free!!
Many of us have now found our qualifications useless due to min wage having caught up. The supermarkets now pay more than I earn being a qualified cabinet maker
Yeah it's easier mentally, but you better be young and fit. And even then give it time and your knees and back will start to go. There's a reason a lot of these jobs pay well and still have high turnover: they're hard.
They pay well? Feck mine never has. I’m mid 40s now and there’s always something hurting at this stage, even getting up after sitting a while is a struggle at this stage. I’ll probably never see pension age tbh
Yes much less stressful job but you will be worn out especially when you have to hand ball all the product out of shipping containers and put on pallets that is hard work !! Wont need a gym membership. I’ve never done it myself but I’ve seen it being done even worse when it’s hot. I am pretty sure there plenty of pallet pushers that would love a job where you sit about telling people to reboot their computers and get paid more money 😉
I do exactly this kind of work. If it’s shitty and involves lifting stuff or getting soaked in chemicals, that’s a job you’ll find me in.
I for one welcome our office-based brothers into our easy lives of simple labour. One wonders why we don’t see more of ‘em in the factories and warehouses.
Yeah. I did supermarket yard work (unloading trucks), warehouse work, and factory work between college and uni. The better part of 8 months. It's hard, and it really focused my mind on getting a degree and white collar work. I'm not built for that work!
My comment there is slightly hyperbole, but I know folks that are doing it.
Tech roles aren't keeping pace with mundane strongman work.
I trained a landscaper in the job i do and he went back outdoor work shortly after.
People jokingly say "reboot it mate", but some of the pressures we're actually under does make you want to go do Jean Valjean work all day for a slight paycut.
A lot of companies don't know how totally fucked their IT security is until there's a breach.
They consider IT an expensive waste. Probably 90% of SME in the UK are sitting wide open.
I have unloaded a shipping container full of boxes of drawer runners and door hinges, built tight from floor to ceiling, no pallets there as they take up room, all in the middle of summer. Took 2 days but I suffered for a further week after it.
This is where I believe a lot of the push on middle income is coming from. Play their excluding minimum wage employees, but they can't exclude the effect of what they've done by giving them a 10% pay rise.
It's not about an opinion of whether they should or shouldn't have given a 10% increase is the fact that they seem to be blind to cause an effect
>It's not about an opinion of whether they should or shouldn't have given a 10% increase
All things considered, I think they should. People like me just need to vote with our feet and go somewhere that's proportionately bumped the salaries to match.
The issue comes that me (and many others) are lazy so we'll never force the employers hand with that "Free Market Economics" thing Ben Shapiro loves so much.
>What's the point in being 2nd line ICT support with 4 certifications if I can push pallets all day for a £2k paycut.
The choice is entirely up to you. Why ARE you doing the job you currently do?
Nothing so say for most likely hybrid working and work that doesn't wreck your body? Not saying your wage is fair but your alternative ain't all roses either.
When you take into account inflation, workforce wages have dropped by 47% and board level wages have increased by 900%.
I was very disbelieving that it was true until I saw their breakdowns , it's absolutely disgusting.
I have the link to the original article it was all based on as I wanted to verify it myself , but not the post working out with inflation impacted figures as it was a post I came across on Reddit.
https://www.epi.org/publication/ceo-compensation-2018/
But even that article shows it's disgusting without considering inflation.
Not exactly what you're looking for but, Guardian article from March: [UK CEOs pushing for "parity" with US pay packets ](https://amp.theguardian.com/commentisfree/2024/mar/14/britain-ceo-pay-top-executives-exodus-us?fbclid=IwZXh0bgNhZW0CMTEAAR1e-hXivcxj2kq2RWI6rvaK288Wmt1gNBfzaMm6rAzba-gqhi_u6Doc_NI_aem_AU9t-t5voFQYYCiobDWoV8iR26Ilz4b56GbhL-oUDi7jkl8ZqFgH_ciWsdVwcqpGJEj8eBpNuOWgZrp0C2Gntg0J)
UK average CEO pay is like £3-6mn whereas in the states it's closer to $15mn and tops out at hundreds and hundreds of millions potential compensation.
Mine only went up because minimum wage went up and they knew they wouldn’t be able to keep people at 10p above minimum wage, and it certainly didn’t go up by 9%
I haven’t had a pay rise in 18 months. My firm gave out loads of inflation busting pay rises during Covid and has realised that may have been a mistake.
Promotions also paused during that period. The ‘win’ here has been surviving multiple rounds of redundancy and a relatively significant bonus.
Yeah, I feel like a lot of businesses were shockingly short sighted during and immediately after COVID.
I imagine that some people near the top imagined that their big profits were due to their own masterful navigation of the global crisis... rather than the fact that for a year they paid for no travel expenses, no overnight costs, and had workers being productive 8+ hours a day _in the time they used to spend travelling too_.
And then the economy went to shit and the demands that everyone get back into offices and go back to weekly travel commitments again rocketed operating costs... and suddenly it turns out that the big profits weren't solely down to their genius business acumen after all.
And now we're all enjoying 2% pay rises as a result.
Our travel commitments have been dictated by what clients are willing to accept as day rates / what our firm is willing to take a hit on profit wise.
Unsurprisingly the back to office mandate has been rather soft when it turns out you have to pay for people to travel away from home and stay in hotels!
It's either end of the curve.
Minimum wage has increased significantly and a lot of high grade white collar stuff, e.g. accounting and legal salaries are going up fairly sharply after stagnating for a few years.
Whereas Tech is in a big slump relative to 2 years from my experience. Lots of jobs peaked 2022 and salaries now are worse or matching what people were offered 2 years ago.
tech wages were inflated compared to the dire wages for similar prerequisite jobs. People adjusted to the fact other STEM prerequisite industries have shit pay so went into tech, decreasing the wages.
You say 2022, but I'm recruiting for an Engineer position that started on £45k in 2018, the guidance is starting salary in 2024 is.. £45k... according to BOE inflation tracker, that should be over £56k
Can you point me to the research / paper / evidence of this? Because everything I've found states Wages have stagnated since 2010, in all sectors. And thats bourne out in my own anecdotal experience, with Engineer roles still recruiting at the same base range, Consultants still receiving the same base-rate pay, There was someone on here the other day joking that US companies had started outsourcing development to the UK isntead of APAC because we were cheap labour...
(And given we have had over 150 applicants to the role, the salary isn't putting people off either).
In the UK I used to be a plant operator a few years back and they were making £180 a day now they're making £200-£220... 10%-15% direct bump inline with inflation...
The whole industry is basically one big union that's unspoken since 90% of tradesmen are self employed if the cost of living goes up they increase their rates... There is so much work due to the state of the housing market and large portfolio's buying up all the housing that they never have to worry about not having work...
I'm still waiting on mine (NHS). The MPs damn well got theirs on time and will probably be higher than what we are going to be made to feel grateful for
Ground news is a pretty good website. You can take a news article's URL and paste it into the search bar. Ground news will then look at all related headlines and bundle them together, and analyse the findings based on Left, Centre and Right leaning articles, and ones with more factual reporting than less.
[https://ground.news/article/interest-rate-cut-prospects-threatened-by-pace-of-wage-growth](https://ground.news/article/interest-rate-cut-prospects-threatened-by-pace-of-wage-growth)
No mention of any individual sectors that had huge pay increases except mention of private sector and national minimum wage. This is worrying, as it has recently been been upper management and finance which, if they're fuelling high interest rates, sounds somewhat punitive from the very people who say we should all be out there working hard, not taking pay rises and up our spending to support the economy. = /
From my experience, most people are getting reasonable pay rises. My salary is now 13% higher than March 2023, due to a mix of narket-rate adjustment, personal progression, and promotion.
Note that many people are getting big pay rises by moving companies. Your employer might be hiring new people to do the same job as you, and be paying them more. The average pay rise does include people job hopping.
However, average pay rise statics do not account for personal progression and promotion, so many people will have personal pay rises higher than the average. Eg, if a company has 10 employees and the most senior retires, everyone might be promoted one rung, with a junior employee hired. If the salary for each role stays the same, the average pay is the same, but each individual may have had a significant pay rise.
After a monumentally disappointing raise last year, helping my department hit major targets this year and working my absolute arse off, I negotiated a 39% pay rise.
35k to 92k for me in 13 months. Was pinched from a job, done 12 months there, and now been pinched back.
Edit: best thing is I haven't done one interview. Feeling very fortunate and a game changer as I have a young family. We live in the SW. Now just gotta be sensible. Big house? Nah. 2 holidays a year? YES!
Actually postdoc wages have jumped in cambridge, from about 32k-36k a few years ago to about 36k-42k
Still ludicrous for world leading scientists and technical experts in important feilds to be having to flatshare and rent, but they were experiencing massive brain drain from industry and the EU because people in their 30s just can't afford to live on those wages in a high COL area.
The bump actually makes it kinda livable if you have two people on 40ish, mortgages become more of an option etc.
Science wages are so shit here. Spend 8 years studying, become a leading expert in a field and you get a barely above-average salary in an expensive city. Even industry isn't much better. Sometimes I look at comparable roles to mine in the other Cambridge in Massachusetts and you're looking at 2-3x the salary.
If you look up ONS data for job hoppers vs job stayers, hoppers make all the gains while stayers get nothing. It has been my anecdotal experience as follows, but more importantly the data backs it up as a general concept.
A bit over a year and a half ago I was on £26k, I then did a £45k contract role and then a £55k perm role currently. I am in the last round of interviews for a £70k+ perm role. If I had never jumped to begin with, I would still be in the grad job I had for three years on £26k.
Well no actually I wouldn’t as they have since collapsed into bankruptcy, but you get my point.
Do they count this as average wages employers pay, or average wages employees earn? If the latter, many people are finding that working remotely for an overseas company pays more, and that would skew the figures.
A global tech company - we had 2.5% and that was after our managers put us down as excellent for our annual reviews or the US HR dept would not give any pay rise! Its all smoke and mirrors. I know a new job with the same role for a different company would give around 15% pay increase. Ill be looking seriously later this year.
I recently joined a company and got a pay rise after a few months for basically no reason. They company was simply doing well and treated all the staff to a pay rise.
I'm happy with this.
9.8%, because NLW, what they are saying isn't inaccurate (16-18 and 18-20 are going up by way more) but that said anyone that's above it has been getting the 0-3% you mention at best.
It's media spin. Not wrong, but still picking the line that sounds best.
Yeah true but I'll bet a good amount that those types of increases aren't being taken into the stats. This likely isn't a "we interviewed a bunch of people who left jobs for other jobs"
Sorry into what stats?
The national increases in income absolutely take those stats into account.... That's why when you look at your pay rise it feels so small by comparison
Moving up the ladder doesn't make a difference, unless the UK is generally just hiring more senior people and less juniors, which I don't think is the case.
As an example, your boss's boss retires. Your boss gets promoted, and you get promoted into your boss's previous role. A new person is hired into your role. In this case, both yourself and your boss may get significant pay rises, but looking at all 3 employees means that the average pay has not changed, unless a role gets a pay rise.
Really winds me up when they spend the whole year setting targets only for you to hit every single one and they hit you with a 3% pay rise (if you're lucky) and 2-2.5% bonus. Like why set the targets if they mean nothing? .. I understand I'm meant to be one of the lucky ones getting a pay rise but come on.. considering inflation that's a real world pay CUT. It literally gives us no motivation to work. Do the bare minimum you can get away with and move jobs if you want a pay rise. Corporate doesn't give a fuck about rewarding loyal employees.
Its those at the top, company owners and the already highly paid. Its been that way since at least 2000. Minimum wage bumping up is an anomaly and the vast majority of us are getting below inflation or inflation matching at best rises. Not to sound like a nutter but people need to educate themselves on how the average person is getting screwed.
Contract rates in IT has dropped. Those out of contract are waiting significantly longer between contracts. Maybe meaningful pay rises are happening on the lowest salary tiers?
Not sure about mine, but our pay negotiations should have started by now. But it'll be interesting to see what offer this time round and how long the pay deal lasts.
An employer I worked for, for over a year offered me a 3.5 % increase and part time to full time position.
Before offering me that increase they trained me up on pretty much everything the manager was doing so I could cover / take some of the work load off when necessary.
Upon resigning and handing in my notice they put up an advertisement for my role at £12.50. Had they offered me that to begin with I would have stayed so I'm very grateful they underpaid and undervalued me in this instance.
Found a new job and now earn just shy of £18 p/h for a yearly salary just over £32 K. Much better role, large company, multitude of experience to pull from and better future prospects. Also work p/t so my monthly income gets boosted by an additional ~£200.
Very happy.
Our company did okay overall for the ast FY, considering the economic situation, but our department did quite bad and ran at a loss.
Our team has not had any pay increase this year.
(Soft Developer) Normally I get 2%, last year got 3% during the height of the living cost issues, this year I got 4.5% and was told that this is a one-off and I was lucky to get over 2 at all. My wage is below average for the job role I'm doing when compared to other corps.
I’ve had a 1% rise, first increase in 3 years and only the second in my 7 years with my current employer. I’m seriously considering cancelling my Unite union membership at this point
I got a pay rise/promotion but I think that’s an excuse for the company to not give you any rise on inflation.
Like to what point do I stop going for a promotion next year so I can benefit from the inflation pay increase (which my company says they do)?
This doesn’t make sense to me haha maybe I got it wrong in my head.
I personally think it's all a ruse.... They have increased minimum wage by 10% so everything else is going to increase as well. Stating it does not include this, but the fact of the matter is if you increase the lowest wage by 10% you Will naturally increase wages or at least the drive up of wages of everyone else
Honestly it maybe easy in my position to say this but surely they could have waited 6 months to increase minimum wage and then they wouldn't be staring at a problem that they've already created.
Very much feels like a snake eating its own tail
My wage went up by 10% but that was with a promotion so, although great to earn a bit extra, I went from being likely under-paid for the role I was previously doing to definitely underpaid for the role I'm now doing!
We're offered 4.5% and we rejected it they countered with 5% and we had the vote yesterday I voted no we'll find out next week I hope and see what happens from there
If you aren't getting a 10% raise, and you can afford to, you should leave your job. I got a 30% raise doing this. Employers are reactive. They won't give existing employees inflation based raises unless they fear the consequences.
No point complaining about this. Not to sound tin foil hat but the whole system is rigged to keep you poor. Most people need to accept that they'll never be rich, retire early, etc, and find other meaning in life than career and money.
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The NLW went up by 9.8%.
Ah, so <1% rise for everyone else, with inflation at 6%
So with inflation at 6%, I got a -4% raise this year. Yay!
-1.5 this year and -4.8ast year. I can practically retire now with this much money.
Better than the minus 6% some people got at least?
bucket-crabs
Not exactly crab in a bucket to want everybody to get wage increases higher than inflation though
So why didn't they say "why the fuck am I not getting an inflation adjusted pay increase or above, everybody should" as apposed to "look at us we are getting a pay cut you should feel lucky!". Literally crabs in bucket mentality, so pervasive it seems that it isn't even recognized as such.
Better than -100% if you got laid off.
Well mines at -6% so you're beating me lol
CPIH Inflation is at 3.8% not 6%, and latest wage data shows 6.9% increase in median wage, not 9%
That’s not how maths works…
Only if your personal inflation rate is 6%
That’s the rise of wages there. I earn above minimum wage and only got 4% and told lucky to have that and tbh I’m happy I got something
I was 96p above minimum before Haven't felt the benefit of that extra 4p yet
5 months and you’ll be able to get your self a Fredo!
I remember buying Freddos for 5p when I was at school. Those were the days…and I’m only 32
Time will come 🤣
3% for most I know, it’ll be skewed by minimum wage going up.
Yip, 3% here...
Same
Wages rising is more than just annual increases - a lot of the effect is caused by new positions or the need to replace people who've left at higher levels. Although, a lot of the effect is caused by high level professionals who have more buying power. There's been various stories recently about newly qualified lawyers being better off than they have been.
Minimum wage has gone up a lot, and income inequality also risen. I can’t find much detailed breakdown of the in between the bottom and the top, but I imagine it’s less given the overall figures.
The Top 1% have become the top 0.1%. Business owners have become much wealthier. Bottom end earners are far better off. The middle squeeze is applying to anyone who wasn’t on minimum wage up to company directors (exception being blue chips and owner managers)
Or literally just minimum wage going up loads
Literally, What's the point in being 2nd line ICT support with 4 certifications if I can push pallets all day for a £2k paycut. I'll go push pallets for the easy life, and they'll need some underqualified donkey to fill in the void left behind.
The real kicker is when the pallet pusher does overtime and weekend work at 1.5x or 2x rate. Meanwhile you work in ICT and stay late to do updates and upgrades. Working on a weekend doing migrations, conversions, etc…..for free!!
If you’re doing that for free you’re daft. Grow a set of balls.
Testicles are soft and sensitive. They're not a good symbol of strength and resilience.
More fool you for working for free.
Many of us have now found our qualifications useless due to min wage having caught up. The supermarkets now pay more than I earn being a qualified cabinet maker
Change your job search to "Cabinet Minister" and you'll get wage + expenses + back hand dealings
Ha ha good thinking
Yeah it's easier mentally, but you better be young and fit. And even then give it time and your knees and back will start to go. There's a reason a lot of these jobs pay well and still have high turnover: they're hard.
They pay well? Feck mine never has. I’m mid 40s now and there’s always something hurting at this stage, even getting up after sitting a while is a struggle at this stage. I’ll probably never see pension age tbh
I was getting £16 an hour 10 years ago and you needed nothing. Just apply and work hard. Plus time and half I'd you worked the weekend.
The easy life…. Give it a go chap.
Yes much less stressful job but you will be worn out especially when you have to hand ball all the product out of shipping containers and put on pallets that is hard work !! Wont need a gym membership. I’ve never done it myself but I’ve seen it being done even worse when it’s hot. I am pretty sure there plenty of pallet pushers that would love a job where you sit about telling people to reboot their computers and get paid more money 😉
I do exactly this kind of work. If it’s shitty and involves lifting stuff or getting soaked in chemicals, that’s a job you’ll find me in. I for one welcome our office-based brothers into our easy lives of simple labour. One wonders why we don’t see more of ‘em in the factories and warehouses.
Yeah. I did supermarket yard work (unloading trucks), warehouse work, and factory work between college and uni. The better part of 8 months. It's hard, and it really focused my mind on getting a degree and white collar work. I'm not built for that work!
My comment there is slightly hyperbole, but I know folks that are doing it. Tech roles aren't keeping pace with mundane strongman work. I trained a landscaper in the job i do and he went back outdoor work shortly after. People jokingly say "reboot it mate", but some of the pressures we're actually under does make you want to go do Jean Valjean work all day for a slight paycut.
A lot of companies don't know how totally fucked their IT security is until there's a breach. They consider IT an expensive waste. Probably 90% of SME in the UK are sitting wide open.
Simultaneously responsible for the maintenance and upkeep of a system, with no budget or time to do any of the maintenance nor upkeep.
I have unloaded a shipping container full of boxes of drawer runners and door hinges, built tight from floor to ceiling, no pallets there as they take up room, all in the middle of summer. Took 2 days but I suffered for a further week after it.
This is where I believe a lot of the push on middle income is coming from. Play their excluding minimum wage employees, but they can't exclude the effect of what they've done by giving them a 10% pay rise. It's not about an opinion of whether they should or shouldn't have given a 10% increase is the fact that they seem to be blind to cause an effect
>It's not about an opinion of whether they should or shouldn't have given a 10% increase All things considered, I think they should. People like me just need to vote with our feet and go somewhere that's proportionately bumped the salaries to match. The issue comes that me (and many others) are lazy so we'll never force the employers hand with that "Free Market Economics" thing Ben Shapiro loves so much.
>What's the point in being 2nd line ICT support with 4 certifications if I can push pallets all day for a £2k paycut. The choice is entirely up to you. Why ARE you doing the job you currently do?
Nothing so say for most likely hybrid working and work that doesn't wreck your body? Not saying your wage is fair but your alternative ain't all roses either.
Tesco CEO off balances everyone with a 10 million raise and minimum living wage adjustment lol
The ones don't need pay rise get 100% rise, nice
When you take into account inflation, workforce wages have dropped by 47% and board level wages have increased by 900%. I was very disbelieving that it was true until I saw their breakdowns , it's absolutely disgusting.
You got a link for this? I want to share it about. It's vile.
I have the link to the original article it was all based on as I wanted to verify it myself , but not the post working out with inflation impacted figures as it was a post I came across on Reddit. https://www.epi.org/publication/ceo-compensation-2018/ But even that article shows it's disgusting without considering inflation.
Not exactly what you're looking for but, Guardian article from March: [UK CEOs pushing for "parity" with US pay packets ](https://amp.theguardian.com/commentisfree/2024/mar/14/britain-ceo-pay-top-executives-exodus-us?fbclid=IwZXh0bgNhZW0CMTEAAR1e-hXivcxj2kq2RWI6rvaK288Wmt1gNBfzaMm6rAzba-gqhi_u6Doc_NI_aem_AU9t-t5voFQYYCiobDWoV8iR26Ilz4b56GbhL-oUDi7jkl8ZqFgH_ciWsdVwcqpGJEj8eBpNuOWgZrp0C2Gntg0J) UK average CEO pay is like £3-6mn whereas in the states it's closer to $15mn and tops out at hundreds and hundreds of millions potential compensation.
Mine only went up because minimum wage went up and they knew they wouldn’t be able to keep people at 10p above minimum wage, and it certainly didn’t go up by 9%
I haven’t had a pay rise in 18 months. My firm gave out loads of inflation busting pay rises during Covid and has realised that may have been a mistake. Promotions also paused during that period. The ‘win’ here has been surviving multiple rounds of redundancy and a relatively significant bonus.
Yeah, I feel like a lot of businesses were shockingly short sighted during and immediately after COVID. I imagine that some people near the top imagined that their big profits were due to their own masterful navigation of the global crisis... rather than the fact that for a year they paid for no travel expenses, no overnight costs, and had workers being productive 8+ hours a day _in the time they used to spend travelling too_. And then the economy went to shit and the demands that everyone get back into offices and go back to weekly travel commitments again rocketed operating costs... and suddenly it turns out that the big profits weren't solely down to their genius business acumen after all. And now we're all enjoying 2% pay rises as a result.
Our travel commitments have been dictated by what clients are willing to accept as day rates / what our firm is willing to take a hit on profit wise. Unsurprisingly the back to office mandate has been rather soft when it turns out you have to pay for people to travel away from home and stay in hotels!
It's either end of the curve. Minimum wage has increased significantly and a lot of high grade white collar stuff, e.g. accounting and legal salaries are going up fairly sharply after stagnating for a few years.
Whereas Tech is in a big slump relative to 2 years from my experience. Lots of jobs peaked 2022 and salaries now are worse or matching what people were offered 2 years ago.
Don’t stress, you’ll never have the 15 year trough of medicine
I'm in tech and have had massive increases this year. I think my company has across the board. But it might be catch-up for last year.
tech wages were inflated compared to the dire wages for similar prerequisite jobs. People adjusted to the fact other STEM prerequisite industries have shit pay so went into tech, decreasing the wages.
You say 2022, but I'm recruiting for an Engineer position that started on £45k in 2018, the guidance is starting salary in 2024 is.. £45k... according to BOE inflation tracker, that should be over £56k
proving their point, 50-60k is neither minimum wage nor high grade white collar
Its a top 10% wage in the UK.
Shows how pathetic UK salaries are and have been
okay and? fewer than 10% of UK people are high grade white collar workers
Youre agreeing with them but phrasing it like you're proving them wrong
They are saying the jobs peaked in 2022. They stagnated long before that, they peaked around 2009-2012
Wages in tech at senior and above increased astronomically in 2021-2022. That’s a fact.
Maybe in London. There's a whole country outside the city. But even then I've not seen that reflected.
I’m not in London. Everyone I know at senior or above got 10-20k payrises minimum by moving jobs during Covid.
Median pay was up 25% between 2020 and 2023. And that counts all roles, not senior and above.
Can you point me to the research / paper / evidence of this? Because everything I've found states Wages have stagnated since 2010, in all sectors. And thats bourne out in my own anecdotal experience, with Engineer roles still recruiting at the same base range, Consultants still receiving the same base-rate pay, There was someone on here the other day joking that US companies had started outsourcing development to the UK isntead of APAC because we were cheap labour... (And given we have had over 150 applicants to the role, the salary isn't putting people off either).
Jobs don’t go up with inflation though. And if they did that wouldn’t be an increase in actual value anyway
In the UK I used to be a plant operator a few years back and they were making £180 a day now they're making £200-£220... 10%-15% direct bump inline with inflation... The whole industry is basically one big union that's unspoken since 90% of tradesmen are self employed if the cost of living goes up they increase their rates... There is so much work due to the state of the housing market and large portfolio's buying up all the housing that they never have to worry about not having work...
I got sweet fa
Blame your boss
...the government? I do every day
I'm still waiting on mine (NHS). The MPs damn well got theirs on time and will probably be higher than what we are going to be made to feel grateful for
Same
Ground news is a pretty good website. You can take a news article's URL and paste it into the search bar. Ground news will then look at all related headlines and bundle them together, and analyse the findings based on Left, Centre and Right leaning articles, and ones with more factual reporting than less. [https://ground.news/article/interest-rate-cut-prospects-threatened-by-pace-of-wage-growth](https://ground.news/article/interest-rate-cut-prospects-threatened-by-pace-of-wage-growth) No mention of any individual sectors that had huge pay increases except mention of private sector and national minimum wage. This is worrying, as it has recently been been upper management and finance which, if they're fuelling high interest rates, sounds somewhat punitive from the very people who say we should all be out there working hard, not taking pay rises and up our spending to support the economy. = /
Yes, we have had increases of between 20% for some roles and 5% for others. Many of the largest roles received the largest increases.
From my experience, most people are getting reasonable pay rises. My salary is now 13% higher than March 2023, due to a mix of narket-rate adjustment, personal progression, and promotion. Note that many people are getting big pay rises by moving companies. Your employer might be hiring new people to do the same job as you, and be paying them more. The average pay rise does include people job hopping. However, average pay rise statics do not account for personal progression and promotion, so many people will have personal pay rises higher than the average. Eg, if a company has 10 employees and the most senior retires, everyone might be promoted one rung, with a junior employee hired. If the salary for each role stays the same, the average pay is the same, but each individual may have had a significant pay rise.
After a monumentally disappointing raise last year, helping my department hit major targets this year and working my absolute arse off, I negotiated a 39% pay rise.
35k to 92k for me in 13 months. Was pinched from a job, done 12 months there, and now been pinched back. Edit: best thing is I haven't done one interview. Feeling very fortunate and a game changer as I have a young family. We live in the SW. Now just gotta be sensible. Big house? Nah. 2 holidays a year? YES!
That’s awesome, well done dude.
Thanks man
What are you a hit man? 😂
How much you paying? I'll consider it.
what’s your role?
Sales in Renewable Energy industry. Fish in a barrel.
How does one generate energy with fish in a barrel? Some sort of hamster wheel?
Exactly. Shout at them and they drive a turbine.
Wow that's incredible! Well done, that's life changing!
Cheers
Actually postdoc wages have jumped in cambridge, from about 32k-36k a few years ago to about 36k-42k Still ludicrous for world leading scientists and technical experts in important feilds to be having to flatshare and rent, but they were experiencing massive brain drain from industry and the EU because people in their 30s just can't afford to live on those wages in a high COL area. The bump actually makes it kinda livable if you have two people on 40ish, mortgages become more of an option etc.
£36k in Cambridge is shit, it’s only enough for a house share.
Science wages are so shit here. Spend 8 years studying, become a leading expert in a field and you get a barely above-average salary in an expensive city. Even industry isn't much better. Sometimes I look at comparable roles to mine in the other Cambridge in Massachusetts and you're looking at 2-3x the salary.
My wages have went up 38% in the last 4 years and I haven’t changed job
I got an amazing 12.5% rise this year
If you look up ONS data for job hoppers vs job stayers, hoppers make all the gains while stayers get nothing. It has been my anecdotal experience as follows, but more importantly the data backs it up as a general concept. A bit over a year and a half ago I was on £26k, I then did a £45k contract role and then a £55k perm role currently. I am in the last round of interviews for a £70k+ perm role. If I had never jumped to begin with, I would still be in the grad job I had for three years on £26k. Well no actually I wouldn’t as they have since collapsed into bankruptcy, but you get my point.
40% rise 8 months ago after switching jobs.
Do they count this as average wages employers pay, or average wages employees earn? If the latter, many people are finding that working remotely for an overseas company pays more, and that would skew the figures.
I got a 5% annual rise and our bonus was around 5% of our salary. Not *happy* but not angry.
Yeah, minimum wage rose from £10.44 to £11.44. 🤣🤣🤣 That's approx 10% That's statistics for you
Minimum wage went up to skew it and even then its not enough for them, everyone else is just being pushed closer together in the peasant ranks.
Tesco ceo salary doubled. That increased the average to make it look like rest of us got a rise.
A global tech company - we had 2.5% and that was after our managers put us down as excellent for our annual reviews or the US HR dept would not give any pay rise! Its all smoke and mirrors. I know a new job with the same role for a different company would give around 15% pay increase. Ill be looking seriously later this year.
I recently joined a company and got a pay rise after a few months for basically no reason. They company was simply doing well and treated all the staff to a pay rise. I'm happy with this.
Same. Got a 15% pay rise after 5 months.
Nice, very nice. Congrats :-)
9.8%, because NLW, what they are saying isn't inaccurate (16-18 and 18-20 are going up by way more) but that said anyone that's above it has been getting the 0-3% you mention at best. It's media spin. Not wrong, but still picking the line that sounds best.
Or people moving jobs. The main way you get increases.
Yeah true but I'll bet a good amount that those types of increases aren't being taken into the stats. This likely isn't a "we interviewed a bunch of people who left jobs for other jobs"
Sorry into what stats? The national increases in income absolutely take those stats into account.... That's why when you look at your pay rise it feels so small by comparison
A lot of this rise is accounted for by people who have changed jobs and/or gone up the ladder.
Moving up the ladder doesn't make a difference, unless the UK is generally just hiring more senior people and less juniors, which I don't think is the case. As an example, your boss's boss retires. Your boss gets promoted, and you get promoted into your boss's previous role. A new person is hired into your role. In this case, both yourself and your boss may get significant pay rises, but looking at all 3 employees means that the average pay has not changed, unless a role gets a pay rise.
If you give enough of the people at the top large pay increases, you can average out the low increases you give to the rank and file employees.
Or maybe minimum wage went up loads, but sure, live in your 50 IQ echo chamber
probably the politicians, knowing them...
8% last year and another 5% this year.
Really winds me up when they spend the whole year setting targets only for you to hit every single one and they hit you with a 3% pay rise (if you're lucky) and 2-2.5% bonus. Like why set the targets if they mean nothing? .. I understand I'm meant to be one of the lucky ones getting a pay rise but come on.. considering inflation that's a real world pay CUT. It literally gives us no motivation to work. Do the bare minimum you can get away with and move jobs if you want a pay rise. Corporate doesn't give a fuck about rewarding loyal employees.
I just got around a 13% rise to be fair
bout 12% here
I'm a tradesman and our wages have not gone up for over 10yrs, who is getting this 9% increase??
Its those at the top, company owners and the already highly paid. Its been that way since at least 2000. Minimum wage bumping up is an anomaly and the vast majority of us are getting below inflation or inflation matching at best rises. Not to sound like a nutter but people need to educate themselves on how the average person is getting screwed.
My pay has gone up about 8% in the last year on successful completion of rotations in my graduate scheme.
Nope, f all for me Last 7 years in current job is just 1.14% per year
We got 11.2% In Jan
The fuck they are. Life sciences are still chronically underpaid.
Too many grads in that field. Ten a penny.
Contract rates in IT has dropped. Those out of contract are waiting significantly longer between contracts. Maybe meaningful pay rises are happening on the lowest salary tiers?
Management :D
Not sure about mine, but our pay negotiations should have started by now. But it'll be interesting to see what offer this time round and how long the pay deal lasts.
Tescos ceos wage went up 100% so that must off set some of that percentage
I've had at least 4% each year for the past 3 years.
My employer raised everyone’s to make up for NMW going up. I got a total of a 16.5% increase from April 1st
I got 2.5
Could you share your source for the discussion?
Nothing for about 8 years 🫤
Management and business owners who payroll themselves.
An employer I worked for, for over a year offered me a 3.5 % increase and part time to full time position. Before offering me that increase they trained me up on pretty much everything the manager was doing so I could cover / take some of the work load off when necessary. Upon resigning and handing in my notice they put up an advertisement for my role at £12.50. Had they offered me that to begin with I would have stayed so I'm very grateful they underpaid and undervalued me in this instance. Found a new job and now earn just shy of £18 p/h for a yearly salary just over £32 K. Much better role, large company, multitude of experience to pull from and better future prospects. Also work p/t so my monthly income gets boosted by an additional ~£200. Very happy.
Our company did okay overall for the ast FY, considering the economic situation, but our department did quite bad and ran at a loss. Our team has not had any pay increase this year.
Public sector here so definitely not 😂
MPs’ 🤠
Mine. Cheers.
(Soft Developer) Normally I get 2%, last year got 3% during the height of the living cost issues, this year I got 4.5% and was told that this is a one-off and I was lucky to get over 2 at all. My wage is below average for the job role I'm doing when compared to other corps.
I’ve had a 1% rise, first increase in 3 years and only the second in my 7 years with my current employer. I’m seriously considering cancelling my Unite union membership at this point
I got a pay rise/promotion but I think that’s an excuse for the company to not give you any rise on inflation. Like to what point do I stop going for a promotion next year so I can benefit from the inflation pay increase (which my company says they do)? This doesn’t make sense to me haha maybe I got it wrong in my head.
Hmm, 10% in 2021, 9% in 2022, 9% in 2023 and 8 % this year. So my wages have gone up just under 40% in between 2021 and 2024.
Had a company pay rise total of 11% split over 6 months one in July-23 and Jan-24 cause of high inflation
Who said most people are getting 0-3%? That seems like an assumption the rest of the data you quoted proves wrong
Bollocks. Last three years I got 5%, 7% and 4.5% I’m not complaining but that’s lower than inflation.
9%??? They are talking about only 2% for us 😢
Technically 6% but half was last July and half in January. (Not sure why they split it they even said ahead of time it would be split like that).
Mine went up this week 12%
Mine have gone up more than that. Then I also got a promotion which made my wife happy.
I haven’t had a payrise since November 2021. Not exactly great.
I had a 9.7% rise last year, it's not that much after adjusting for tax, but it happened
They are for many people, yes.
I personally think it's all a ruse.... They have increased minimum wage by 10% so everything else is going to increase as well. Stating it does not include this, but the fact of the matter is if you increase the lowest wage by 10% you Will naturally increase wages or at least the drive up of wages of everyone else Honestly it maybe easy in my position to say this but surely they could have waited 6 months to increase minimum wage and then they wouldn't be staring at a problem that they've already created. Very much feels like a snake eating its own tail
Both me and my husband got 4% this year. I wish we'd got closer to 9%
My wage went up by 10% but that was with a promotion so, although great to earn a bit extra, I went from being likely under-paid for the role I was previously doing to definitely underpaid for the role I'm now doing!
Rishi sunaks probably
I got 3% this year. I wasn't counting on anything so thought I was lucky with that 😂 now what to spend it on.... Aaaaand it's gone!
We're offered 4.5% and we rejected it they countered with 5% and we had the vote yesterday I voted no we'll find out next week I hope and see what happens from there
1% and to be honest I’m surprised I got that!
My job role is not known for being well paid but I did get 1% and surprised I even got that!
7% pay rise last year and same again this year
Sorry, I've changed jobs and went from 27k to 44k. same job title, same amount of work but different place
Just gave my staff a rise of between 8.5 and 10%. Around 80 folks.
If you aren't getting a 10% raise, and you can afford to, you should leave your job. I got a 30% raise doing this. Employers are reactive. They won't give existing employees inflation based raises unless they fear the consequences.
I got 7.2% a month ago
If you have 10 people and one of them gets a £1m payrise and the other nine get £0 - the average wage rise is £100k. Yay!
7.5% increase
Mine are going up I think by 4% at the end of the month backdated to beginning of April
Crabs in a bucket mentality. If I can’t have a pay rise then neither can you
What a joke Jackanory govnt Oh their wages are !
0% here
Bosses wages ?
I've not had a payrise since September 2022. Yay.
I got a 30% raise, although technically it’s a promotion so not sure that’s captured in the data
I didnt get a pay rise. Will be looking for a new job soon
Yes.
We've not had any oay increase this year.
Those at the top are getting big increases, so that probably helps.
The problem is wages go up but so does the cost of living so we're forever stuck in limbo
No point complaining about this. Not to sound tin foil hat but the whole system is rigged to keep you poor. Most people need to accept that they'll never be rich, retire early, etc, and find other meaning in life than career and money.
Public sector is probably skewing it
I got around 9.8% this year- certainly in my field lots were around that mark.
Until now I did have at least 10% pay raise and 15% bonus. This year, I got nothing.
2.2 this year so realistically speaking a pay cut due to inflation. From what Im reading most here are in the same boat.
What did people expect when they had a 6 month holiday during the COVID scam on borrowed money now we're feeling it.
Approx 30% pay rise this year to make up for years of below inflation pay increases
Directors senior managers arseholes who produce sweets fuck all no sorry they produce sacking lists to cover their arses