8th March 2016, 12:19 PM
Ok.... Just for you...
We are Here ... we want to go there...
Define Here... and Define There please.
If it is the simple PIfA current and PIfA desired equation...
Considering that the Current coming rate is : £17,646 and the Desired is £19,853 ( which requires a 12.5% increase) You have to consider what the next say 5 years increase of 2% would make.
After 5 years it would be 19482.60 However the same rate applied to the Desired would result in £21919.31 ( Still 12.5% more)
So If you raised rates by 3% then after 5 years the rate would be £20456.53 which is a 7.5% difference to get to the [B]£21919.31
[/B]Which is admittedly getting there... But would require[B] 3% [/B]rises for about [B]15 years.. [/B] IF ... IF the raises each year were going to remain static at 2% for the same period
So... A road map works only in highlighting what we already know... but also don't know... Too many ifs buts and maybes. And of course because of the bell curve of pay.. where the worst off are actually the supervisors and POS but now PM posts are being hit.
So really... For me a road map is a pointless exercise in that it just says, that we want to see increases over the average ( related to someone else) ~[B]
So For your Road Map... [/B]We are at[B] [B]£17,646 [/B][/B]But we want to be[B] [B]£19,853
[/B]
[/B]
Do you have any examples that I can get my head around for what you want?
We are Here ... we want to go there...
Define Here... and Define There please.
If it is the simple PIfA current and PIfA desired equation...
Considering that the Current coming rate is : £17,646 and the Desired is £19,853 ( which requires a 12.5% increase) You have to consider what the next say 5 years increase of 2% would make.
After 5 years it would be 19482.60 However the same rate applied to the Desired would result in £21919.31 ( Still 12.5% more)
So If you raised rates by 3% then after 5 years the rate would be £20456.53 which is a 7.5% difference to get to the [B]£21919.31
[/B]Which is admittedly getting there... But would require[B] 3% [/B]rises for about [B]15 years.. [/B] IF ... IF the raises each year were going to remain static at 2% for the same period
So... A road map works only in highlighting what we already know... but also don't know... Too many ifs buts and maybes. And of course because of the bell curve of pay.. where the worst off are actually the supervisors and POS but now PM posts are being hit.
So really... For me a road map is a pointless exercise in that it just says, that we want to see increases over the average ( related to someone else) ~[B]
So For your Road Map... [/B]We are at[B] [B]£17,646 [/B][/B]But we want to be[B] [B]£19,853
[/B]
[/B]
Do you have any examples that I can get my head around for what you want?