Average salary increment since you started working?

[Hamster]

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%.

OK, can someone that remembers their gr 12 math convert this formula to solve for A?

 

[HavocXphere]

OK, can someone that remembers their gr 12 math convert this formula to solve for A?

This should do the trick:

(Closing / Opening ) ^ (1/Years) - 1 = A

 

[biometrics]

(1 + A) ^ Years = Closing / Opening
log((1 + A) ^ Years) = log(Closing / Opening)
Years x log(1 + A) = log(Closing / Opening)
log(1 + A) = log(Closing / Opening) / Years
1 + A = 10 ^ (log(Closing / Opening) / Years)
A = 10 ^ (log(Closing / Opening) / Years) - 1

LOL

Can't remember!

 

[Hamster]

This should do the trick:

(Closing / Opening ) ^ (1/Years) - 1 = A

Were you that kid that always did his homework?




Thanks!

 

[Pho3nix]

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

Trust me at my first job I was getting raped. 3 days a week and not even making minimum wage . Change in career and in 2 years I'm here.

 

[HavocXphere]

Were you that kid that always did his homework?

I wish. No they just hammered this compounding stuff into us at university.

 

[Sly21C]

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.

You are quite right, the correct formula is this:

x = [(12000/2400)^(1/10)]-1
x = 0.1746*100
x = 17.5%

That definitely makes more sense

So in my case, my average annual salary increase is 22.8%, not 48.8%

ANCYL maths?

Eish! I quit the ANCYL, but it seems I'm scarred for life, with weird formulas and all

3950% using OP calculation. In reality only 1600%

Is that your average annual salary increment? Or is that how much your salary has increased over a number of years?

This should do the trick:

(Closing / Opening ) ^ (1/Years) - 1 = A

Correct formula.......

 

[heartbroken]

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

*goes to drink beer*

+1 Story of my life.

/stalks off searching for beer.

 

[AirWolf]

25.9%

Big increases on a small number is still a small number .

 

[The_Ogre]

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

*goes to drink beer*

Cheers mate!

 

[gregmcc]

Taking into account the inflaction are and mine will be -300%

 

[Pho3nix]

Is that your average annual salary increment? Or is that how much your salary has increased over a number of years?

How much it's increased over 2 years. Using the formula average is 244%

 

[Cius]

Not gonna count my part time jobs working retail while studying. After graduating is the start point. Started working 7 years ago this November and my current monthly salary is 443% higher. So about 24% per annum. Most of the growth was in the early days though. These days I only get inflation. Last big increase I got was for completing my masters. Got a nice 25% out of cycle bump at that point. Any big increase now I only expect to get with promotions/job changes.

 

[hellfire]

Started real work in 2009. As of this year, my salary is double (200%) what it was then. On average it increased by 30-35% each year