Me x 4
The negotiated pay increase is a cost-of-living increase.
Really ?
Where did you see that little gem written down, or did you just make it up
The negotiated pay rise takes into account a lot of factors including the cost of living and how well the company is doing.
It also consists of a lot of horse trading concerning T & C's.
To think that the negotiated pay increase is purely a "cost-of-living" increase really is being simplistic and naive.
Anyway it doesn't matter what it consists of or what it is called.
To make things easy I will settle on the same criteria that Baron and the other spivs used in 2009/10 to award their own pay rises.