pay rise 2015

[pants123]

Hello, not heard much of the pay rise for this year...

Does anyone know if the pay rise is going ahead for april??

[bustedflush]

Hello, not heard much of the pay rise for this year...

Does anyone know if the pay rise is going ahead for april??

The pay increases were agreed 2 years back for the coming 3 Aprils and the first backdated. As I recall we are to receive 2.8% or thereabouts as per the agreement reached previously. Nothing has changed that I am aware of.

[Surreypostie]

I believe that figure is dependant on inflation at the time and subject to change, considering we are now looking at deflation maybe we will have to give them back some of last years. Sure ther will be an LTB at some stage.

[bustedflush]

I believe that figure is dependant on inflation at the time and subject to change, considering we are now looking at deflation maybe we will have to give them back some of last years. Sure ther will be an LTB at some stage.

Yes, but only if inflation is significantly above the 2.8%, which it isn't obviously so the agreement stands.

[Surreypostie]

I thought they could always look at it again if it was below a certain figure.

[Lounge Lizard]

I thought they could always look at it again if it was below a certain figure.

And inflation now is the lowest since records began so Moya might be putting out a rather disappointing Courier Special soon.
but we all know about the threat from competitors so we'll understand.

[Surreypostie]

Exactly, wouldn't surprise me if the scrapped our rise.

[bustedflush]

I thought they could always look at it again if it was below a certain figure.

And inflation now is the lowest since records began so Moya might be putting out a rather disappointing Courier Special soon.
but we all know about the threat from competitors so we'll understand.

Yes, I forgot that, you guys are indeed correct:


2013-14

3.0% base pay increase, backdated to 1 April 2013.
£200 lump sum payment for each full time eligible employee (pro rata for part- timers) in post on 1 October 2013, in recognition of business progress. This will be paid before Christmas in addition to any Christmas bonus.
Additional increase in the over 10 hours overtime rate++.
Scheduled attendance payments during periods of annual leave will be extended++.

2014-15

3% base pay increase. New incentive scheme to be developed and introduced by April 2014.

2015-16

2.8% base pay increase. Subject to review, if inflation is below 2.3% or above 3.3%.

The increases over the three year period apply to the usual allowances and overtime payments etc. The cumulative year on year effect of these pay rises is worth 9.06%.

[TrueBlueTerrier]

I believe that figure is dependant on inflation at the time and subject to change, considering we are now looking at deflation maybe we will have to give them back some of last years. Sure ther will be an LTB at some stage.

Yes, but only if inflation is significantly above the 2.8%, which it isn't obviously so the agreement stands.

Sorry thats wrong: The actual line in the agreement was:


2015-16 2.8% base pay increase. Subject to review, if inflation is below 2.3% or above 3.3%.

[bustedflush]

I believe that figure is dependant on inflation at the time and subject to change, considering we are now looking at deflation maybe we will have to give them back some of last years. Sure ther will be an LTB at some stage.

Yes, but only if inflation is significantly above the 2.8%, which it isn't obviously so the agreement stands.

Sorry thats wrong: The actual line in the agreement was:


2015-16 2.8% base pay increase. Subject to review, if inflation is below 2.3% or above 3.3%.

TBT you quoted my first reply, I'd already corrected it by pasting the relevant lines from the agreement summary.

[tansorboy]

The key phrase is 'subject to review' and if they were going to reduce the pay deal surely we would have heard by now?

[RetroJunkie]

so what do people believe will happen once this deal is done with? as i dont really seem to hear any rumours

[TrueBlueTerrier]

I believe that figure is dependant on inflation at the time and subject to change, considering we are now looking at deflation maybe we will have to give them back some of last years. Sure ther will be an LTB at some stage.

Yes, but only if inflation is significantly above the 2.8%, which it isn't obviously so the agreement stands.

Sorry thats wrong: The actual line in the agreement was:


2015-16 2.8% base pay increase. Subject to review, if inflation is below 2.3% or above 3.3%.

TBT you quoted my first reply, I'd already corrected it by pasting the relevant lines from the agreement summary.

Yep cross posted - but I do like the research that's always worthy of a smilie or 3

[cloherty1976]

I wasn't happy when I saw the clause in year 3 as I thought inflation would have to come down at some point. Just unlucky it has happened now. But I do remember one of the higher people in the cwu said it would be paid so you just got to hope they were right.Time will tell but not a lot of point moaning before anything has happened.

[fishtank]

The key phrase is 'subject to review' and if they were going to reduce the pay deal surely we would have heard by now?

Personal opinion...no inside info, I don't think they will reduce it although there might be shareholder pressure applied. I think it's too high profile and too inflamatory to get involved in a row over pay.

I think what they'll more likely do is use it as a bargaining chip to get further concessions from the union, perhaps over performance or incentives, Of course we'll never know because it's in both parties interests to keep quiet when it comes to the union rolling over to have its tummy tickled.