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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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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Thanks BEP
I guess that's code for no new pay rises for you this year?!
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3% in March 3% in June. IBM
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Wow. Twice a year? Is that what IBM is doing these days to stop the rot?
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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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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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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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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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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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