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UK salary rises in 2014

 
#1 UK salary rises in 2014
08/07/2014 10:15

Old hack

Hi everyone, just doing a wee bit of benchmarking. What are the average salary rises you are seeing? I'm interested in the overall picture as much as individuals. Is anyone increasing pay & rations above inflation (~2.5%)

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#2 RE: UK salary rises in 2014
09/07/2014 09:02

Bushy Eyebrow Partner to Old hack (#1)

Money is more or less worthless these days. I no longer trust the "I promise to pay the bearer the sum of..." note written on printed money. There is too much opportunity for dishonest central bodies to manipulate the real value of that money.

Acquire land... that's where the wealth is these days. Just consider the "poor" farmers who are now turning into multi-millionaires (as in 8-digit millionaires). Also consider the retired teachers, now in their 70s or 80s, who spent thruppence and ha'penny on a cosy little 6 bed semi with 3 acres of land in Enfield, in contrast to all you "masters of the universe" out there who still have 280 years left on the mortgage for your 1-bed studio flats in Camberwell. Yes, land... that's where it's at these days. They stopped making it years ago and the price will only ever go in one direction - up.

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#3 RE: UK salary rises in 2014
10/07/2014 10:23

Old hack to Bushy Eyebrow Partner (#2)

Thanks BEP

I guess that's code for no new pay rises for you this year?!

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#4 RE: UK salary rises in 2014
12/07/2014 22:05

ConsultantMan to Old hack (#3)

3% in March 3% in June. IBM

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#5 RE: UK salary rises in 2014
14/07/2014 09:27

Smithy to ConsultantMan (#4)

Wow. Twice a year? Is that what IBM is doing these days to stop the rot?

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#6 RE: UK salary rises in 2014
14/07/2014 13:06

Old hack to Smithy (#5)

6% at IBM in a year? is that because of 0 payrises in previous years. Seems a bit sporty to me. Anyone from the other big boys having to buy new wallets to accommodate their extra cash?

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#7 RE: UK salary rises in 2014
14/07/2014 13:36

marsday to Old hack (#6)

I reckon that's a skewed metric OH - better to look at what people are achieving in a lateral move. ROI thresholds are rising a little (or at least hiring managers are having to create a bit more certainty that new hires will merit the investment) but in jumping ship still seeing 15% hikes.

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#8 RE: UK salary rises in 2014
14/07/2014 15:57

Old hack to marsday (#7)

Agreed Marsday, not to mention that the ones who jump to somewhere new are likely to forego future pay rises until they normalise with the rest of their new peers.

I'm after total like for like increase in wage bill. On average I'm seeing inflationary increases only where I am. This varies across the grades - more for the juniors, less for the seniors.

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#9 RE: UK salary rises in 2014
14/12/2014 20:23

ConsultantMan to Smithy (#5)

Just saw this - they do 2 in a year now.

Feb/March is performance based increase.

July/August is market adjustment based on skills.

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#10 RE: UK salary rises in 2014
14/12/2014 20:23

ConsultantMan to Smithy (#5)

Just saw this - they do 2 in a year now.

Feb/March is performance based increase.

July/August is market adjustment based on skills.

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#11 RE: UK salary rises in 2014
14/12/2014 20:24

ConsultantMan to Smithy (#5)

Sorry for multiple posts

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