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| *The Commerce Journal>>>United Kingdom Taxes |
Payrise or simply Inflation? |
I received a 3% 'payrise' last year and also another 3% 'payrise' this year. It adds approximately 拢600 to my salary - last year and this year. My question is that is this actually a payrise or is my company legally obliged to increase my pay each year due to inflation? Reason i ask is they claim its a performance related pay and i seriously doubt that. I can negotiate the % and need some ammunition. Quick...i got till 13:00 As already mentioned, no company is obligated to provide you an increase on your salary. In fact, provided the company can justify it, they can actually decrease your salary should it be deemed necessary. Lucky you, there is no legal obligation for employers to give you a 3% payrise each year in line with inflation, I haven't had a payrise in 3 years and even then when I got my rise it was because I took on extra responsibilities. any company is not legally obliged to give you a pay rise but they cannot let your wage drop below the minimum wage. More and more companies and the public sector are doing away with the 'annual pay rise' and going for the '3 year deal' |
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