2021 Salary increase / bonus

koffiejunkie

Executive Member
Joined
Aug 23, 2004
Messages
9,458
No increase for me because I am considered to be "above the band". I had a good number of above average merit appraisals in the past and subsequent above average increases. Seems that me working hard bit me in the ass in the end, because I now am at a salary ceiling until I go on pension.
More money earlier. Stick it in your RA/TFSA/inevestments/whatever and make the most of the time. Maybe use your current rate to negotiate for a new job.

Well that's life though.... Just starting to get annoyed with this... This will be the 2nd time in 4 years I will be involved in a retrenchment where the company closed down completely...
Seems like I am drawn by companies that is in trouble...lol
Note to self: Don't hire this guy :laugh:
 

GhostSixFour

Username approved by US Airforce
Joined
Nov 9, 2009
Messages
15,469
One of my friends works for an online gaming house and they were granted Monthly salary X performance score (out of 5).
So eg.: R50k x 3.5...
I shed a tear hearing that...

Derivco?
 

MaisonP

Well-Known Member
Joined
Nov 9, 2020
Messages
291
7% increase, 13th cheque in March (retention bonus), annual bonus in beginning of December
 

dj_jyno

Expert Member
Joined
Sep 22, 2007
Messages
3,760
2020 - 0%, but kept my full salary throughout.
2021 - CPI + x% across the board, based on performance. I received 20%.

Unless the company is doing exceptionally well, there are no bonuses, which is perfect if that means everyone can keep their job.
 

*SynergyX*

Expert Member
Joined
Sep 30, 2009
Messages
2,589
hours worked increased by ~40% per week

2020 - 0% increase
2021 - 3% increase

ultimately with electricity/fuel/insurance/food/services increases in past 3 years I've moved backwards.

fun times
 

Nemus

Expert Member
Joined
Oct 12, 2012
Messages
1,804
2020 - 0%, but kept my full salary throughout.
2021 - CPI + x% across the board, based on performance. I received 20%.

Unless the company is doing exceptionally well, there are no bonuses, which is perfect if that means everyone can keep their job.
20% is a generous increase
 

cerebus

Honorary Master
Joined
Nov 5, 2007
Messages
45,747
I got a job offer yesterday that I'm probably going to accept. It's a little over 40% increase but the net difference will be closer to 50% with my tax situation. I'm pretty happy about this because things were getting to feel tight with cost of living increases and my oldest boy starting high school.
 

Tman543

Well-Known Member
Joined
Jun 23, 2020
Messages
425
2020 - 0%
2021 - 6% also based on performance metrics

No Bonus for 19/20 FY
Bonus for 20/21 FY
 

Anti-Chris

Senior Member
Joined
Apr 24, 2017
Messages
826
More money earlier. Stick it in your RA/TFSA/inevestments/whatever and make the most of the time. Maybe use your current rate to negotiate for a new job.


Note to self: Don't hire this guy :laugh:
Lmao... Well I am starting to think the same...
Joined company A in 2007 and left to join Company B in 2015...
3 months after leaving Company A they retrenched alot of people and I would have been retrenched (looking at the selection criteria used) have I not left...
Company B closed down in September 2017 and the MD of Company B then joined Company C and when a position opened up he called me to apply...
Joined Company C in December 2017 and we went through retrenchment in December last year, luckily I was saved but now it seems a done deal that we will close down soon...

Maybe companies should start paying me a monthly fee to not apply for any positions they have available...lol
 

3WA

Honorary Master
Joined
Sep 25, 2012
Messages
14,093
Below inflation increase at beginning of year (don’t remember exact value). No bonus, never had a bonus.

Waiting to hear what's coming up for Jan 2022. Still not finalised.
 

geezer

Expert Member
Joined
May 12, 2006
Messages
3,553
More money earlier. Stick it in your RA/TFSA/inevestments/whatever and make the most of the time. Maybe use your current rate to negotiate for a new job.
I am 721 days away from going on pension, no one will hire an outoppie like me at this stage.:cautious:
 
Top