Just had the calculator out and based on a few averages such as
550 hrs per year before overtime, (I know it varies but had to have a number)
av 3 hrs overtime per month
then this works to be 13.5 % increase. Prob just covers inflation minus the rent issue.
Hopefully the utilities and school fees will also reflect this.
Bobsback:--The 3% increment is not in my contract, never has been and never will be, it is in the HR manual. It may be in the older (>8 yrs) ones. The fact that we get it each year does not change the fact that it is subject to the same vague process as the rest of the rise.
Suspect that the level of the rise means the recruiting site was not swamped with hits after the bonus was announced
I remember AR saying in a meeting that he could not understand why experience got payed more and that his 12 yr old son could drive as well as any of us, they will pay the min they can get away with, and they will increase it in the smallest steps they can.
Still, not bad and better than I thought