Increase in Salaries

Brian D

We are having an increase in salaries of 1.3%. Could somebody just confirm that I have done this right?

Current basic £25,144

New Basic (@1.3%) £25,898 ie 25144/100*103 Is this right?

Increase of £754


Many thanks
Brian

andrewtdk

isnt that an increase of 3%. I think it wants to be /100*101.3

sdv

that is 3%

the correct multiplication should be 25144/100*101.3= 25 471

and increase of £327 (25144 x 1.3%)

hope this helps

Brian D

Oh of course you are right!! I'm so stupid!! Thank you for that

PGM

I think you should give the increase back if you can't work that out

But seriously, I'd be happy with 1.3%. Got acca and it's the first year of not getting an increase, thankyou bankers!