It's the same every year. They know exactly what the pay review and any revised Ts and Cs are going to be they couldn't possibly set the profit share target or make any sort of financial forecasts without having that information. What happens now is that it goes upstairs for a signature and comes back down shredded to pieces in order to protect 'ones' bonuses. It doesn't matter what anybody else proposes, 5%,10%, 30% it'll always come back a fraction of the original proposal.
And now they are getting the numbers they need in the door where's the incentive to improve things? There isn't one!! But what about all the people leaving? Well they'll be delighted, get rid of all those expensive senior guys with hefty provident funds is exactly whats required.
3% step and a 1 hour reduction in productivity threshold - thanks for your efforts and please keep going that extra mile.