GOLDMAN 555

The government came out today stating that inflation is currently running at about 2.1% my employer conveniently always takes the government's advice on inflation.

Bizarrely I found this government website produced by the same people that come up with the 2.1% number? It has a calculator allows you to actually calculate your personal inflation based on your real monthly expenditure figures. National Statistics Online - Personal Inflation Calculator

If I plug in my numbers my personal inflation is 9%!!!!!!!!!!!!!!!!!!!

Who honestly has 2.1% inflation????


Has anyone got any experience of using such statistics in negotiations?

fivetide

iTrader: (1)

Your personal inflation is down to your lifestyle so it is up to you to sort that.

However, a company raise of 2.1% would say that they don't really value you very much. A raise over inflation is an incentive to keep you on board.

You are better looking at salaries in job and finding out who is better paid than you/industry average and going in with that.

5t.

pslewis

We all get paid what we are worth, generally thats how it boils down over the years.

OllyK

Or is more often the case, you get paid as little as the company can get away with.

GOLDMAN 555

Absolutely........ I'm not really talking about how much I earn but how much increase to cope with the stifling inflation we are suffering.

EG the cost of insurance and high octane petroleum spirit.

Sonic'

our MD looks at the standard rate of inflation every year, then doesn't give us anything at all

Not had a payrise for 6 years, this is the 2nd company I have worked for in that time that doesn't give any kind of payrise at all

trails

iTrader: (41)

spot on.

Type-R

Where I work we are divided based on job code

I am in the top bracket of my job code, last year got shares that vested over 4 years which are effectively worth 1k a year over the next 4 years.

So I indeed got zero, hoping for a bit extra this year

Inflation does not come into the argument, paid based on what your employer feels is adequete based on skills / competency

tallsteve

Quite true, where I work isn't great for annual increases - so started shopping and got an offer. When I told my employers they found another job for me and matched the pay rise. I've managed a 25% increase in 1 year. I'll give it another year or 2 and repeat the trick... Looking around is worth a punt in my book...