So I work in IT for a globally recognised brand and yesterday we received our year salary increase notification. The increase on the face of it was pretty modest at 4.5%, however this is quite some way below the current and projected rate of inflation in the UK where I am based.
It also comes off the back of 2 record breaking years for the company in the face of the pandemic with revenue and profits increasing dramatically each year.
Now I'll be honest i earn a good wage (close to £80k) but this has annoyed me somewhat. I joined the company in 2020 and in real terms my value is lower now than it was back then. Is my annoyance justified? I'm unsure what to do at the moment.