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Thread: Salary Increase %

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    Salary Increase %

    Hi, what would be considered a fair salary increase percentage? Inflation related.

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    Quote Originally Posted by Lynda View Post
    Hi, what would be considered a fair salary increase percentage? Inflation related.
    As far as I am concerned a salary increase should be dependant on how long you have been with the company, how well you have performed in the company and how well the company is performing. A salary increase in today's times is not guaranteed (unless obviously it is written into your contract)
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    Quote Originally Posted by Lynda View Post
    Hi, what would be considered a fair salary increase percentage? Inflation related.
    To my mind, inflation related as a bare minimum seems fair enough if nothing else has changed. However, a lot depends on how the company is going and the performance of the employee - if you're in a position to differentiate down to an individual employee level of course; really large companies often have problems in this regard.

    I know of companies where you are paid to grade and that's it. No personal appraisal and no personal performance increment in there at all!

    As an employer myself though, if I give anyone less than inflation +1% as an annual increase, I do call the affected people in to discuss the reasons behind this first before the annual increases are actually implemented. For those who have merited a larger increase, I've been inclined to surprise them.

    I haven't had any complaints yet with this approach (although I suppose there's always a first time )
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    as far as i know [last month]

    factors
    transport 8.2%
    petrol prices 22.6%
    food index & non-alcoholic drinks 6.8%
    clothing & footwear index 3.1%
    goods & services increased 7.6%
    housing & utilities 5.5%
    education 9.0%

    so yes DaveA give +1% ok but if you value someone +1.5 < 2.1 is fine
    but consider performance bonus and see if you can help them with
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    Thank you to all for the replies. Much appreciated.

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    Is a new contract needed with a salary increase?

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