How much money do you earn? And how do you spend it?

Solitude

Solitude

Executive Member
Joined
Jul 23, 2008
Messages
7,312
greenfields said:
Throw away account:

Software Engineer, 35.

Gross: R103,040
Nett: R68,879

No benefits so from pocket.
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Bloody hell that's impressive. I'm 38, similar stack and I was super happy with the raise I got earlier in the year. It's not close to this however.
 
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Pyro

Expert Member
Joined
Dec 8, 2003
Messages
2,267
hj007 said:
What are benefits? :ROFL:

I only know of entities paying CTC and you sort out the rest?
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The raw CTC is easier to work with, I normally prefer it.

We have a disability/life cover as part of the group.

The nice thing is that they get good rates for doing it as a group, and the employees get a little safety net.

But it's still a line item on your IRP5, and you get taxed for it, so it reduces your net income below what a similar raw CTC would be.
 
H

hj007

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Joined
Aug 30, 2006
Messages
1,866
Pyro said:
The raw CTC is easier to work with, I normally prefer it.

We have a disability/life cover as part of the group.

The nice thing is that they get good rates for doing it as a group, and the employees get a little safety net.

But it's still a line item on your IRP5, and you get taxed for it, so it reduces your net income below what a similar raw CTC would be.
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Agreed - plain CTC is easier because then you can do direct comparisons on the salary component at least.

Although they should add in a line item that shows average hours worked per employee so you can work out the hourly rate and whether 80 hours a week is worth it :laugh:
 
CamiKaze

CamiKaze

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May 19, 2010
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14,846
Quey_Quick said:
Just got a promotion, came with a 12 % increase, not a lot more money, but will help to plug some holes.
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Out of cycle increase? I received a 13% not too long ago, but that's 'cos HR noticed that I am underpaid or something about fair remuneration or something.
 
Q

Quey_Quick

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Joined
Dec 4, 2007
Messages
3,144
CamiKaze said:
Out of cycle increase? I received a 13% not too long ago, but that's 'cos HR noticed that I am underpaid or something about fair remuneration or something.
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Out of cycle yes, effective 1 Dec. Should still qualify for April increase though.
 
Neuk_

Neuk_

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Jan 23, 2018
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7,995
grim101 said:
No one got bonuses or increases?
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I despise the word increase unless it is a proper increase, I got a 5.5% cost of living adjustment. My bonus was surprisingly good, happy with it based on all the challenges we face.
 
A

Ancalagon

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Joined
Feb 23, 2010
Messages
18,140
I have resigned so in theory I should not be getting a bonus. But we will see, apparently there are rumours that I might be getting one.
 
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Splinter

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Joined
Oct 14, 2011
Messages
30,829
Ancalagon said:
I have resigned so in theory I should not be getting a bonus. But we will see, apparently there are rumours that I might be getting one.
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Check your employment contract - you should be getting at least an apportioned bonus depending on how much of the financial year you worked (if you still there when bonuses handed out)
 
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Ancalagon

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Joined
Feb 23, 2010
Messages
18,140
Splinter said:
Check your employment contract - you should be getting at least an apportioned bonus depending on how much of the financial year you worked (if you still there when bonuses handed out)
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I think that is probably why I am getting one - I think it is contractually owed to me.

I don't think it will be great though, I don't think I will be getting 100% of my rating. Lately, my performance has been bad and people have noticed. Stress and boredom I think. Oh well, luckily I am making the right change.

And to be honest, a R100 bonus would be R100 more than I was expecting.
 
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