Are all employees entitled to a % wage increase anually?
IF so what is the percentage and is there a particular point in the year when this is applied?
Are all employees entitled to a % wage increase anually?
IF so what is the percentage and is there a particular point in the year when this is applied?
Perhaps you are confusing this with the National Wage Agreements with the Trade Unions? These agreements cover all of the public sector and some of the private sector. The most recent of which is Toward 2010 (see finfacts article).
Are all employees entitled to a % wage increase anually?
IF so what is the percentage and is there a particular point in the year when this is applied?
Entitled to one, no.
Most companies will apply a certain increase to keep wages inline with inflation etc and to take the increased experience of staff into account as a means to staff retention (it'd cost nearly as much to do the advertising/recruitment/training of the new staff) and holding onto valuable employees. Just because it's common, doesn't mean it's a guaranteed event.
When salary reviews will take place is usually down to the company in question. Some have standard review times (company I work with carries out reviews in Jan and July - in line with annual review (work releated) and mid-year reviews) and some do it as/when needed with individual employees.
The query was not about my own salary but thanks, you answered my question in that the person in question thought the National Wage Agreement applied to everyone.