So my organisation is bringing in a new approach to pay. Big push from the high ups, huge fanfare, been going for months and months. It’s all about “rewarding outstanding contributions” rather than year-on-year increases. Now, on the face of things that doesn’t sound so bad – people do great stuff, they get rewarded a bit extra.
So, being curious I thought I would take a look into what it would mean to me. Run some numbers
So it turns out, if I do excellent work, bust my chops and go all out I can expect my excellence to be rewarded with a grand total of…. £160 extra a year. Pre-tax and NI. That doesn’t even cover my student loan repayment for a month!
Basically it sounds like they’re incentivising me to coast along. Cheap bastards.