In the previous post, I explained how the take-home value of your salary has been eroded by 15% over the last five years. Today, I'll map that decline in the value of your pay against UK university finances, to challenge any sense that our pay has been squeezed because of the health of HEIs's finances.
You will recall that, earlier this year, your union issued a consultative ballot over the pay issue, and that members voted to reject the 1% pay offer. In the next few weeks, we want to offer some information to contextualise the union's concerns.
Today's is the first of these messages: you are being paid significantly less in real terms than you were five years ago.