Earning by age category

[creeper]

Cape Town has better salaries than where? :wtf:

Last I heard they were 30% behind GP.

I've done a bit of homework on this generalist statement. The answer is: it depends on skill, experience and industry. (And logically demand). Specialist skilled employees tend to get the equivalent in GP AND CPT. It is the lower skills or more common skills that tend to be lower paid in CPT.

 

[KleinBoontjie]

Very depressing thread

 

[MickeyD]

Very depressing thread

Don't let it be... when I starting working my salary was R700/m gross. And it was enough for everything including pension, medical aid, RA policy, rent, food, clothes, sport club fees and booze, etc. !!

 

[TJ99]

Don't let it be... when I starting working my salary was R700/m gross. And it was enough for everything including pension, medical aid, RA policy, rent, food, clothes, sport club fees and booze, etc. !!

Yeah but you had to worry about Napoleon coming to take it all..

Or was it Atilla the Hun?

 

[krycor]

minimums....
Yrs Exp vs Salary
3-5+ - R20k/m (subtract 1 with bachelors, 2 with honors, 3 with masters)
05+ - R28k/m
10+ - R40k/m
20+ - R60k/m
30+ - R80k/m

darn got a long way to go though I think a better way of looking at it is by substituting yrs exp or studies as I've done to the above quote. If that's done I'm still on target.

Why do that? It makes more sense. Looking at the table now it looks right but the funny thing is the start point. Some industries start really crappy and the only way to double up fast is to job hop which I think is where some cities have it tough. Cpt for example has notoriously bad salaries for starting.

Another observation give the above table is that after 20+ yrs if you really want to make salary double up fast, pending industry, you may need to do something drastic. Eg. Go into private business (medicine), start your own business, rental income, franchise, move into management (MBA) etc otherwise it will plateau.

If you want to jump faster up from earlier, ie after the 10yr mark same thing applies. What's interesting I find is that some will have it easy up front but plateau fast while others will have it tougher upfront.. But either way, to get somewhere fast drastic action is needed at least 1-2 times in career.

PS. People who really make it salary wise don't rely on salaries for anything but having security while pursuing other business I've found. ie. they have other business which usually earn them the same to 3x as much which seems improbable but is not at all. I think the whole salaries will make you enough money syndrome in SA is something most people have thus don't understand how people earn far greater than 1mil

 

[Saba'a]

Don't let it be... when I starting working my salary was R700/m gross. And it was enough for everything including pension, medical aid, RA policy, rent, food, clothes, sport club fees and booze, etc. !!

Guess the age

 

[KleinBoontjie]

Don't let it be... when I starting working my salary was R700/m gross. And it was enough for everything including pension, medical aid, RA policy, rent, food, clothes, sport club fees and booze, etc. !!

I started working in 1994, grossed R16k/pa.
Now it's better, just depressed that I'm not part of the R1mil group. About 2 thirds to go.

 

[SauRoNZA]

minimums....

20 - R20k/m
30 - R40k/m
40 - R60k/m
50 - R80k/m

In wishful thinking land?

That is certainly nowhere near any kind of average or even above average.

That's pure 1% territory.

 

[SauRoNZA]

Don't let it be... when I starting working my salary was R700/m gross. And it was enough for everything including pension, medical aid, RA policy, rent, food, clothes, sport club fees and booze, etc. !!

Maybe you should draw us a little picture of how your life looked at those ages you listed and where your incomes came from at the time.

Sorely it's not all salary you are referring to but rather total earnings.

 

[MickeyD]

Maybe you should draw us a little picture of how your life looked at those ages you listed and where your incomes came from at the time.

Sorely it's not all salary you are referring to but rather total earnings.

Salary (mostly) and sport...

 

[SauRoNZA]

Salary (mostly) and sport...

What field/education? And sport? You mean playing professionally or betting?

 

[MickeyD]

What field/education? And sport? You mean playing professionally or betting?

Cannot answer specific questions (yet). Semi-pro, pro sport only really took off post-94 and by then I was too old. In the 80s you could not really on income from sport as a living; you had to have a fulltime job as well.

 

[SauRoNZA]

Cannot answer specific questions (yet). Semi-pro, pro sport only really took off post-94 and by then I was too old. In the 80s you could not really on income from sport as a living; you had to have a fulltime job as well.

So then you would agree you are the exception to the norm if you can't even talk about it?

So why list those values as average if you know they are very specific to your person?

 

[MickeyD]

So then you would agree you are the exception to the norm if you can't even talk about it?

So why list those values as average if you know they are very specific to your person?

No, I disagree. In today's market those numbers are reasonable. I've employed youngsters with a degree and no experience (early 20s) and they start on around R180kpa. Within 6 years they should be very close to the next threshold...

 

[genetic]

Different industries pay different salaries. There is no "blanket" age wage.

 

[genetic]

No, I disagree. In today's market those numbers are reasonable. I've employed youngsters with a degree and no experience (early 20s) and they start on around R180kpa. Within 6 years they should be very close to the next threshold...

Can I come work for you?

 

[Hamster]

In wishful thinking land?

That is certainly nowhere near any kind of average or even above average.

That's pure 1% territory.

Well considering that only 6% of the population pay income tax.

 

[MickeyD]

In wishful thinking land?

That is certainly nowhere near any kind of average or even above average.

That's pure 1% territory.

This should be the aspiration... I have no idea what the current averages are. I posted MY opinion.

 

[SauRoNZA]

No, I disagree. In today's market those numbers are reasonable. I've employed youngsters with a degree and no experience (early 20s) and they start on around R180kpa. Within 6 years they should be very close to the next threshold...

Again I think this is a very specific industry you find yourself in and therefore are applying special values to average cases.

But you just basically cocked up your own values because you said 20k at 23 but above your example is 15k for someone who just for a degree so your own figures are already off based on your own experience.

 

[MickeyD]

Again I think this is a very specific industry you find yourself in and therefore are applying special values to average cases.

But you just basically cocked up your own values because you said 20k at 23 but above your example is 15k for someone who just for a degree so your own figures are already off based on your own experience.

*cough*

20-29 = R20k
30-39 = R40k