Base an increase on CPI or CPIX

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ubby

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I need to draft a recommendation on a salary increase and would like to know if basing it on CPI or CPIX is a good way to go? Any other suggestions?
 
Administrative based but also dealing with clients and a little bit of running around.
 
ubby said:
Administrative based but also dealing with clients and a little bit of running around.
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Ok.

Also how far do you stay from work.

Reason I'm asking these.

Consumer Price index might be a good way. But that will try and sound to cocky. Play it out in the normal life.

But do the maths.

Fuel price has gone up by 40% since the beginning of the year, your salary went up by 8%. as an example.
The inflation rate went up by set % and and and.

This should give them %'s to work with and adjust the salary accordingly.

Just my 2c anyway.
 
10km from work.
Increase was actually due in April but we only got down to discussing it now. I know I will get my increase eitherway but want to know what percentage to ask for.
Never had any complaints about my work but how do you put a value to this?
But what is the difference between CPI and CPIX if I may ask?
 
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Not 100% sure, but I think CPI includes Morgage rates. and CPIX doesn't

That is if a remeber correctly. But pls don't quote me on this :D
 
Whatever you do, make sure you ask for more than you think you can get, you can always negotiate down, but never up once you've set the mark
 
I had to go and read up a bit. It's the otherway round :D

CPI is the Consumer index without the Mortgage bond rates. And CPIX is including the rates
 
Sorry, I'm quite naive about all of this.
So does that mean that if I have a bond to pay off, then I should rather use the one with the Mortgage bond rates?
 
ubby said:
Sorry, I'm quite naive about all of this.
So does that mean that if I have a bond to pay off, then I should rather use the one with the Mortgage bond rates?
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I don't think it matters any which way.

The rates in general would be different but would be indicated on the application I guess. So they will adjust it accordingly. CPI or CPIX in essence should be more or less the same. I think with the current rates on homeloans and things It will prob be lower as the CPI index. But like I said this is not my field. I think maybe speak to DJstealth I think he's more into this kind of thing.
 
Pitbull said:
I don't think it matters any which way.

The rates in general would be different but would be indicated on the application I guess. So they will adjust it accordingly. CPI or CPIX in essence should be more or less the same. I think with the current rates on homeloans and things It will prob be lower as the CPI index. But like I said this is not my field. I think maybe speak to DJstealth I think he's more into this kind of thing.
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10.9% vs 11.7% or so.

CPIX excludes mortgage rates (X for eXclude).
CPI is thus higher at this time.

Best to go with "cost of living as per YOU, not CPI/CPIX" as it can bite you in the gat when it goes down....
 
Moederloos said:
10.9% vs 11.7% or so.

CPIX excludes mortgage rates (X for eXclude).
CPI is thus higher at this time.

Best to go with "cost of living as per YOU, not CPI/CPIX" as it can bite you in the gat when it goes down....
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+1 like i said above.

As for the CPI CPIX..... I knew it was something like that :D but it's not my area of knowledge :p

Thanx Moederloos
 
Pitbull said:
+1 like i said above.

As for the CPI CPIX..... I knew it was something like that :D but it's not my area of knowledge :p

Thanx Moederloos
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Not mine either - I am awaiting the embarrassing correction...
:p
 
Obviously what matters most is : Be consistent. [Unlike Employers sometimes] . Don't pick CPI now because it's higher and then CPIX next year because it looks better then, and then switch to some arb Inflation based rate the following year etc....
I know some employers do the "opposite" to justify a "lower" increase [i.e. look at the various rates, pick the lowest one and for that year that rate is god, and if anyone moans they just pull the rate out...what can you do?] .
 
I'd go with neither and ask for what you think you deserve.
 
Most private sector increases have been single digit so far this year so I wouldnt base it on CPIX as that is probably an unrealistic expectation. Furthermore, CPIX is not a standard calculation, nor is it a constant figure and is likely to come down within the next 12 months and return to semi-ordinary levels.

Public sector employees however have received double digit increases over the last 6 months or so - why guavamint is happy to do this is a mystery though!
 
Use your own inflation index.

List the increases in rent, bond, loans, rates and taxes, food, fuel, Telkom etc and how it affects you.

Discuss it with the boss, show him how you have already changed your spending habits, but you need a decent increase ohterwise you will be forced to look for another job for survival.

Keep during the discussion the financial state of the company in mind - interest on the company overdraft has also gone through the roof, as has fuel costs to visit clients and suppliers.

Most bosses are thick skinned to the outside, but actually the are not like that in their hearts.
 
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