Cius
Honorary Master
So its annual increase time for me in 2 months time and I was doing some research as every year I feel poorer. 3 years ago I was living comfortably and even putting huge extra payments into my bond. 3 years later I feel like I am scraping by. The main reason being my increases in the past 3 years have average around 4.5 to 5% and my real inflation has been significantly higher than that. Electricity, food, and medical aid costs in particular have been upwards of 10% most of the last 3 years. My only bill that has been flat for 3 years is my Afrihost bill!
Coupled to this tax has been steadily increasing in the same period due to the outrigh 1% hike on personal income tax and the tax man adjusting the brackets each year in a way that is steadily increasing personal tax.
When I queried the low raises with my manager I was told I was the lucky one as the company as a whole was doing a standard of increase of 3 to 4% with some getting less than that for under performance and people like me getting more actually due to good performance. While that helped soften the blow it still means each year I get poorer.
I am wanting to go into my next negotiation with a bit more information to see if this is normal or if other companies are actually keeping up with inflation.
So the question is what have been your annual increases for the past 3 years if you don't mind sharing (in percentage form). Increases due to promotion or skill level jumps should be flagged as such. For instance I got one of those 4.5 years ago in the form of a 20% out of cycle increase. They did it when they where trying to replace one of my collegues who left and realized that they where underpaying their staff by a fair margin and hence where loosing them steadily.
Coupled to this tax has been steadily increasing in the same period due to the outrigh 1% hike on personal income tax and the tax man adjusting the brackets each year in a way that is steadily increasing personal tax.
When I queried the low raises with my manager I was told I was the lucky one as the company as a whole was doing a standard of increase of 3 to 4% with some getting less than that for under performance and people like me getting more actually due to good performance. While that helped soften the blow it still means each year I get poorer.
I am wanting to go into my next negotiation with a bit more information to see if this is normal or if other companies are actually keeping up with inflation.
So the question is what have been your annual increases for the past 3 years if you don't mind sharing (in percentage form). Increases due to promotion or skill level jumps should be flagged as such. For instance I got one of those 4.5 years ago in the form of a 20% out of cycle increase. They did it when they where trying to replace one of my collegues who left and realized that they where underpaying their staff by a fair margin and hence where loosing them steadily.
