Originally Posted by
czechmate
Seeing as we're now in May I thought I'd get the ball rolling
The way I see it is if we don't get the 3% step plus 5% for the VAT coming in then we're once again taking an effective pay cut. Thoughts?
Even IF we get the 3% step it's still a pay cut as long as the ladder in itself is not raised. The step is not to compensate for inflation but to recognise your increased experience level and commitment to the company.
Just think about it, those on the top step don't get any salary increase if just the step is awarded. Same goes for the entry step. If not adjusted for inflation, the entry level pay slowly but surely go towards a big fat zero in terms of purchasing power.