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How the inflation element works

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Within the HE sector a percentage salary increase is awarded annually to take account of inflation. Although we don't know what future pay awards may be (as the rate has to be agreed with the Unions) SiriusWeb, for the purposes of future estimated projections, estimates a percentage.

As you can see from the screenshot, inflation has already been included for the current year and is therefore set as 0, for 04/05 it is estimated to be 4.1% and for 05/06 it is estimated to be 3.5%.

Inflation rates for subsequent years are calculated at the last rate set (e.g for 06/07 the rate would be 3.5%).

If you want to use an inflation rate that differs from the SiriusWeb defaults, you can manually type the required percentage into the appropriate box.

Lecturer A, UAP Point 8 £22,954
fte 100%
Pension USS
Employment period 01/08/2004 to 5/9/2004

Salary for the period £2231.6
Estimated inflation rate for the period in question = 4.1%

£2231.6 x 1.041 = 2323.09

Inflated salary = £2323

In SiriusWeb you can choose whether or not your calculation uses inflation and increments.

This is particularly useful if you are calculating for a research bid to a specific research board who have a particular method. The table below outlines the costing methods used by various research boards.

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