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pay hike expectations!

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pay hike expectations!

Post by godfatherdon » Tue Jul 12, 2011 6:15 pm

Evening guyz,

My appraisal date is due in the coming month and hence wanted a foresight on the pay hike expectation for UK companies. I know there are number of variables(growth, performance ....) to consider but what's the min-max range I should be expecting for my first year in a uk company.

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Post by mulderpf » Tue Jul 12, 2011 7:42 pm

Most companies don't increase pay on performance, but do this across the board to adjust for inflation (around 3% - maybe with the latest figures, you might expect 3.5 - 4.5%).

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Post by kenfrapin » Wed Jul 20, 2011 10:46 am

As Mulderpf has said, most companies only hike to adjust for inflation and if they follow the RPI correctly, its 5% at the moment.
On another note, companies that increase salary just for inflation usually have a performance linked bonus - else noone would work for a private company if they r effectively on the same salary for 20years :-)

There are still many product, development and consulting companies that give decent pay hikes ranging from 5% to 15% so just depends which company you work for.

You may be better off asking your colleagues than posting on this forum as salary hikes are down to individual companies only