Average salary increment since you started working?

[Sly21C]

EDIT:

What is your average annual gross salary increment (in percentage) since you started working?

If you started working 10 years ago, earned R200 a month or R2400 a year and you now (10 years later) earn R1000 a month or R12000 a year then it means your salary increased R400% over 10 years.
x = [(12000-2400)/2400]*100
x = 400% over 10 years

Your average annual salary increment over 10 years is therefore:
x = [(12000/2400)^(1/10)]-1
x = 0.1746*100
x = 17.5%

I started working 7.5 years ago.
My percentage salary increment over 7.5 years is 366%
My average annual increment is 22.8%

 

[Krypt0n1te]

Dude, your calculation is not right.
If your salary is R2400 per annum and it increases by 40% per annum then you would sit pretty with about R69421.1174 per annum after 10 years.

 

[stevenv]

In my calculation, my salary has been almost doubling every year since I started working. Definitely not the case

 

[MickeyD]

Annual increment = 380.77%

 

[Griz]

Actually:

If your salary was R2400 ten years ago and now its R12000 that is an annual increase of 17.5% not 40%.

Thats some weird equation you got right there.

 

[Azbubu]

Over 9000%

 

[reactor_sa]

The compounding got lost somewhere...

 

[Arthur]

Sly21C clearly doesn't work in Payroll.

 

[MickeyD]

Sly21C clearly doesn't work in Payroll.

ANCYL maths?

 

[lholhos]

Sly You calculations Aren't right.....
anyways 3yrs back I earned R1 and now I earn R2.25, calculate that....

 

[CAPS LOCK]

217.30% annual increase using OP's formula. Reality, avg. 6-9% p/a.

 

[Pho3nix]

3950% using OP calculation. In reality only 1600%

 

[Dolby]

This thread shows me how I've stagnated in life ...

*goes to drink beer*

 

[MickeyD]

Annual increment = 380.77%

per year over 27 years ...

 

[SaiyanZ]

About 300% over 6 years.

 

[Hamster]

3950% using OP calculation. In reality only 1600%

YOU ARE NOT ALLOWED TO USE A WHEN GIVING US REASONS TO USE !!!!!

 

[Fulcrum29]

Sounds like Zuma's annual increment

If this was so then everybody would have been addicted to work at that increase, imagine overtime pay…

Also the South African economy forgot about certain people, I know achievers whom are struggling with salaries, due to non-existent increases. Sometimes it pays to be the boss, makes me thinking… maybe the OP is trying to calculate his own salary increase?

 

[Hamster]

Actually:

If your salary was R2400 ten years ago and now its R12000 that is an annual increase of 17.5% not 40%.

Thats some weird equation you got right there.

That calculation of his works out the percentage increase on the original salary.

IE, 2400 x .40 = 960. 960 over 10 years is 9600. Add the original 2400 and you get 12000.

Pointless data. What is the correct formula?

 

[HavocXphere]

What is the correct formula?

Opening x (1 + A) ^ Years = Closing

With A being the percentage increase compounded. e.g. 0.2 = 20% p.a. effective

That number is comparable 1:1 to e.g. the rate of inflation. So in the above case you're scoring ~14% *real* increase, not 20%.

 

[lholhos]

What is your average annual gross salary increment (in percentage) since you started working?

If you started working 10 years ago, earned R200 a month or R2400 a year and you now (10 years later) earn R1000 a month or R12000 a year then it means your average annual salary increment is R40%.
x = [(1000-200)/1000]*100
x = 80%/10 years
x = 8%

I started working in 2005, i.e. 7.5 years ago.
My percentage salary increment over 7.5 years is 366%
My average annual increment is 48.8%

Now that is more realistic....