Jump to content
DOSBODS
  • Welcome to DOSBODS

     

    DOSBODS is free of any advertising.

    Ads are annoying, and - increasingly - advertising companies limit free speech online. DOSBODS Forums are completely free to use. Please create a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!

     

Your last pay rise


Recommended Posts

  • Replies 122
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

80% of migrants since 2000 (15m-20m) are decidedly *not* skilled. I cant stress that point enough. They are entitle to more in work subs, due to having kids - cheaper housing, 16h plus top u

0.2% last year. Redundancy this year I expect. Happy Christmas.

Yes.  I noted how the papers this week had the usual rash of patronising stories about people who can feed a family of four for £20 a week with full meal plan and a hundred and one ways to prepare a p

Posted Images

3 minutes ago, Popuplights said:

0.2% last year. Redundancy this year I expect. Happy Christmas.

Percentages, hmm. 

0.2% of what?  I wouldn't mind 0.2% of Jeff Bezos' income as my whole salary, haven't calculated how much it is but I bet it's a good amount.

It's ok, don't answer how much, but you see my point.

 

Anyway my experience is that you generally have to move to get a real pay rise. I once quintupled my income in one year, it was, no surprise, the pre-millenium IT boom, but it's been mostly downhill in terms of spending power ever since.

Link to post
Share on other sites

I joined one company that was giving an RPI pay rise every year; salaries were shooting up until after four years they realised that they were paying way more than the going rate and stopped it.

Before anyone becomes envious note that all this was doing was maintaining salaries at the same level in real terms.

It's rather that everyone else was getting a real terms pay cut every year and wasn't realising it.

When sub-inflation pay rises or no pay rises are the norm then everyone gets poorer every year.

Link to post
Share on other sites
21 minutes ago, swiss_democracy_for_all said:

Percentages, hmm. 

0.2% of what?  I wouldn't mind 0.2% of Jeff Bezos' income as my whole salary, haven't calculated how much it is but I bet it's a good amount.

It's ok, don't answer how much, but you see my point.

 

Anyway my experience is that you generally have to move to get a real pay rise. I once quintupled my income in one year, it was, no surprise, the pre-millenium IT boom, but it's been mostly downhill in terms of spending power ever since.

Haha, who rattled your cage!

But you are right, %ages don't tell us much. It certainly wasn't enough to buy a cup of coffee every day 😁

****Just to be clear. In true DOSBODS style I would never purchase a cup of coffee, I take my tartan flask with me wherever I go*****

Link to post
Share on other sites
31 minutes ago, swiss_democracy_for_all said:

Percentages, hmm. 

0.2% of what?  I wouldn't mind 0.2% of Jeff Bezos' income as my whole salary, haven't calculated how much it is but I bet it's a good amount.

It's ok, don't answer how much, but you see my point.

 

Anyway my experience is that you generally have to move to get a real pay rise. I once quintupled my income in one year, it was, no surprise, the pre-millenium IT boom, but it's been mostly downhill in terms of spending power ever since.

Jeff Bezos takes an annual salary of USD 81,840. He has a huge expense account on top mind.

Link to post
Share on other sites
9 minutes ago, Popuplights said:

Haha, who rattled your cage!

But you are right, %ages don't tell us much. It certainly wasn't enough to buy a cup of coffee every day 😁

****Just to be clear. In true DOSBODS style I would never purchase a cup of coffee, I take my tartan flask with me wherever I go*****

It's actually a pet hate of mine, percentage pay rises and the way they're presented as if it was fair for someone earning 300k to get a 3% pay rise ie a rise of 9k and the same % for the cleaner earning minimum wage say 10k so a rise of 300 quid.  Over time they increase wealth differentials massively. 

 

8 minutes ago, Castlevania said:

Jeff Bezos takes an annual salary of USD 81,840. He has a huge expense account on top mind.

Yeah you'll note I said income meaning from all sources not salary. 

Link to post
Share on other sites

Not expecting a pay rise.

You want a pay rise in this industry, you move to a new employer and negotiate hard. A shame but thats the way it is.

My mate who started a new job with a finance place about a year back has spent the time since working his balls off, quite a few 70 hour weeks ect... with the assumption that he'd get a big bump in pay. (not a wise assumption to make especially when he's just started).

CEO told everyone that there'd be no rises this year because of the coof, meanwhile he's just cashed in 14 mill of shares. :D

Edited by JoeDavola
Link to post
Share on other sites
35 minutes ago, Frank Hovis said:

I joined one company that was giving an RPI pay rise every year; salaries were shooting up until after four years they realised that they were paying way more than the going rate and stopped it.

Before anyone becomes envious note that all this was doing was maintaining salaries at the same level in real terms.

It's rather that everyone else was getting a real terms pay cut every year and wasn't realising it.

When sub-inflation pay rises or no pay rises are the norm then everyone gets poorer every year.

 

And hardly anyone realises it, so for the employer and the 1% its working nicely.

I think in recent years a lot of the reduction in spending power has been masked by cheap consumer goods and cheap oil/energy.

But I also think we are now pretty much at the end of that road, or at least the end of the road is plainly in sight.

Cheap consumer goods - seems to me that prices are not dropping so much and quality isn't going up so much. Recently bought a TV (not for me!). A well known brand. I was rather shocked that they still sell 'HD ready' TVs. It's not a problem as its not a large TV but personally I felt it should have been £100 rather than the £200. Perhaps I'm out of touch.

The pressure of cheap imported low skilled labour doesn't help. The pressure may reduce with the Tories and Brexit but its not going away any time soon. The short term high of cheap labour is now becoming the hangover of the burden of health and social costs as that work force ages and either brings over family or starts a family, or more likely both.

The leftists, far left fascists, socialists and remainers will all blame this on the Tories, Brexit and Boris.

 

As for pay rises, when we complained one year about low pay rises, I recall a director who was on around £120k saying it was effecting him as well, he got the same as the average (lets say 1.5%). As mentioned in another post above, 1.5% of £120k is very different to 1.5% of £20k.

 

 

Link to post
Share on other sites
31 minutes ago, JoeDavola said:

Not expecting a pay rise.

You want a pay rise in this industry, you move to a new employer and negotiate hard. A shame but thats the way it is.

My mate who started a new job with a finance place about a year back has spent the time since working his balls off, quite a few 70 hour weeks ect... with the assumption that he'd get a big bump in pay. (not a wise assumption to make especially when he's just started).

CEO told everyone that there'd be no rises this year because of the coof, meanwhile he's just cashed in 14 mill of shares. :D

Just swap between a few companies. It happens.

Link to post
Share on other sites
17 minutes ago, invalid said:

Cheap consumer goods - seems to me that prices are not dropping so much and quality isn't going up so much. Recently bought a TV (not for me!). A well known brand. I was rather shocked that they still sell 'HD ready' TVs. It's not a problem as its not a large TV but personally I felt it should have been £100 rather than the £200. Perhaps I'm out of touch.

image.png.a4b0dda2847533f1392cba4d6a6f48c2.png

Link to post
Share on other sites

Someone on here recently mentioned graduate salaries recently. I reckon a good graduate starting salary back in 1996 would have been £16k, outside of City/finance jobs. Feed that into an inflation calculator and the result is.... £31k.
The median wage is around £24K last time I looked, and there are loads of middle-aged grads who are earning only a small fraction more than their 21 year old self started on! I often see job adverts for experienced engineers, for example, offering £35k p.a. It's not impossible in some low-paid jobs that require a degree, forensics for example, that a persons has seen shis salary purchasing power go down with time.

 

 

Link to post
Share on other sites
10 minutes ago, Sucralose Ray Leonard said:

Y'all need to join the Pubic Sector.

I was.

They're not getting them either.

The only people getting decent pay rises are those on minimum wage; and that then crushes differentials above that so that there is little incentive to work harder to earn promotion.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...