13th March 2006, 01:18 PM
Quote:quote:My back of the envelope exercise suggest that PIFA can be bought in line with the desired level over 3 years with a 2% above the annual average wage increase (AAWI) currently c. 4%. AIFA needs 5% above AAWI over 8 years and MIFA needs 5% above AAWI over 9 years.
Sorry Tile man, I'm guilty of not looking at the detail. However, I think your proposal for the PIFA grade is too low, and for AIFA and MIFA you are proposing to phase in over 8 and 9 years respectively.
The problems with a graduated increase that I highlight still apply.
The IFA will look truly egregious if, in 5 years time or so, it is still recommending rates that are acting as a brake on 'naturally' (insofar as the labour market is 'natural'!) rising wages in archaeology.