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Payrises this year

 
#1 Payrises this year
28/06/2008 06:42

Peter

What % payrises have people had so far this year or are expecting? I've heard rumours of 3% or less in some places.

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#2 RE: Payrises this year
28/06/2008 10:55

t to Peter (#1)

7% but that included a step progression within the career grade

No idea what it would have been independent of the progression - probably around 3% too

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#3 RE: Payrises this year
30/06/2008 07:21

Peter to t (#2)

7% isn't really that great is it?

Taking into account general inflation that's around a 4% increase in real terms. Then add on 40% tax onto that, and you'll be seeing a 2.4% increase in your net income.

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#4 RE: Payrises this year
30/06/2008 08:46

Anon to Peter (#3)

I'll give you a clue as to what I got.

It's a very tall, thin single digit number number, precisely one unit bigger than a big fat round number.

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#5 RE: Payrises this year
30/06/2008 14:27

anon to Anon (#4)

well that's atleast 100 basis points better than the round fat number that seems to be lurking around the corner for some...

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#6 RE: Payrises this year
30/06/2008 15:41

Bob to anon (#5)

I'm going on strike unless I get 14%

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#7 RE: Payrises this year
30/06/2008 15:57

anon to Bob (#6)

enjoy your strike!

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#8 RE: Payrises this year
30/06/2008 17:04

anon2 to anon (#7)

I got 8% rise plus 10% bonus which I thought was rubbish

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#9 RE: Payrises this year
01/07/2008 22:35

Taxman to anon2 (#8)

0%

But them im now judged on 'growth' and 'utilisation' my company made the biggest profit ever and I made that company in excess of £5M.

Im not really that bothered ill just give myself a payrise by working to rule.

No biggie.

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#10 RE: Payrises this year
02/07/2008 20:19

BOPper to Taxman (#9)

Pay rises in BOP in April were well down on last year, as were bonuses.

Our partner made a big announcement recently that all salaries would be reviewed in the April 2008 payround - what he meant to say was reviewed downwards...

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#11 RE: Payrises this year
02/07/2008 21:22

---- to BOPper (#10)

Taxman, that sounds really unreasonable... unless you're paid loads already, surely you're in a really strong position to negotiate your pay upwards?

On a separate note, why is it that some firms only ever offer to pay long-standing staff what they're worth once they've already handed in their notice?

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#12 RE: Payrises this year
03/07/2008 14:03

CSCer to ---- (#11)

Best year in the history of the co, had a good year myself and a 1.5% payrise.

Time to move on I guess.

Anyone else care to share?

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#13 RE: Payrises this year
03/07/2008 14:17

anon to CSCer (#12)

Small company, partners went home with a small fortune, staff have been given the usual excuses about how tough business is lately despite working their arses off and bringing in more than enough work, 1% pay rise. I might as well go and become a truck driver at this rate.

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#14 RE: Payrises this year
03/07/2008 19:14

Liou to anon (#13)

So I guess not all consultancies are feeling the credit crunch pinch and hence it may be worth considering a move.

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#15 RE: Payrises this year
03/07/2008 20:43

Sub to Liou (#14)

I got 15% despite spending 8 weeks on the bench in the last year.

It's about who you know, and shagging your boss (she just loves my length)

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#16 RE: Payrises this year
03/07/2008 21:01

anon to Sub (#15)

Definetly time for some of you to get out of this low paid proffesion, left 1.5 years ago, now working in corporate strategy

Pay Rise = 18%

Bonus = 25% + £10k deal bonus

Base Salary > Senior Manager @ Deloitte

Left uni 3.5 years ago

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#17 RE: Payrises this year
03/07/2008 21:10

anon to anon (#16)

Low paid and hard work.

What kind of industry jobs would you recommend for your run of the mill, mostly IT-focused consultant?

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#18 RE: Payrises this year
06/07/2008 15:55

Taxman to anon (#17)

IT is a second class career, once it was a good career now its just a job like a callcentre worker.

The UK graduates are tailing off, as we seen previously with Engineering and Science.

My advice is get out of IT , or move to elbonia or somewhere you can live for the penny/dime jobs that are now the core of IT.

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#19 RE: Corporate Strategy
06/07/2008 21:52

JB to Taxman (#18)

Hi Anon - I'm interested in knowing what your back ground was and how you managed to find your much better paid job. Is it common to get such pay in industry, and was there any luck or networking involved?

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#20 RE: Corporate Strategy
08/07/2008 11:42

anon to JB (#19)

I got my current role via a normal application process, however I had made the most of my time in consulting with relevant projects, for clients in the same/similar industries, at a strategic level.

I also reject a number of roles because they didn't offer me the career potential I wanted.

Via hard work (a lot harder than consulting), maximising opportunites and taking the lead I have secured the pay rises and bonuses. The key when stepping out of consulting is to find a role that enables you to do this.

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