Hello, is anyone listening?
WAKE UP!!!! This offer is NOT 10%. It is not even 9.7%. I have just calculated exactly how these staggered increases, only 2 of which apply to UHP & other allowances will alter my gross pay over the 2 year period.
(Ignoring incremental progression, which has nothing whatsoever to do with these negotiations)
Dec 2001
Base Salary = 31021 UHP = 4272 Total = 35293
Jan 2002
Base Salary +2.2% = 31703 UHP +2.2% = 4365 Total = 36068
Oct 2002
Base Salary +2% = 32337 UHP + ZERO = 4365 Total = 36702
Jan 2003
Base Salary +3.7% = 33533 UHP +34.7% = 4526 Total = 38059
Dec 2003
Base Salary +1.8% = 34136 UHP + ZERO = 4526 Total = 38662
38662 - 35293 = 3369
(3369/35293) * 100 = 9.5%
Yes that's right 9.5 % higher than Dec 2001.
Sorry for coming on all Carol Vorderman, but I'm fed up of people trying to sell this as a 10% deal. If your pay is made up of more allowances (London Weighting, OJTI etc) your actual percentage rise will be even smaller.
There's a lot of psycology at work here. 10% is psycologically a very significant figure. Management must be delighted at the union & everyone else who are trying to sell this as 10%, but before you vote just spend a few minutes working it out like I have just done. Don't let yourself be conned.