How your IT salary compares globally

me_ said:
Hmmm, the maths seems a bit off. Looking at the international average salary of $19,188, that would be approximately R230,000 so therefore the percentage difference in comparison to the world average should be lower, not higher than the comparison against local currency.
With the figures the way they are, it would require an exchange rate of R5.50/$. I know we get paid fairly well in world terms, but I know we are nowhere near Australia at the moment. Maybe this would explain it.
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It is using International Dollars, with one International Dollar set to one US Dollar. This is used so that PPP is taken into account
 
JStrike said:
It is using International Dollars, with one International Dollar set to one US Dollar. This is used so that PPP is taken into account
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You missed my point. For that percentage to be true, the exchange rate would need to be R5.50/$(US). I would love an exchange rate like that, but it's not reality and if they got it wrong for that comparison, is the main graph really correct then.
 
me_ said:
You missed my point. For that percentage to be true, the exchange rate would need to be R5.50/$(US). I would love an exchange rate like that, but it's not reality and if they got it wrong for that comparison, is the main graph really correct then.
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So you're diagreeing with how the Geary–Khamis dollar is calculated? You should send your finding to the World Bank. You might be up for a Nobel Prize. The USD1m prize would push you up this chart quite nicely
 
Uhm.. while IT is highlighted.. how the hell is a SA driver earning 10x a salary in the mid 400k :eek: - edited.. oh wait im dumb
 
JStrike said:
So you're diagreeing with how the Geary–Khamis dollar is calculated? You should send your finding to the World Bank. You might be up for a Nobel Prize. The USD1m prize would push you up this chart quite nicely
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I don't know what you're on about. Nowhere on the slide does it go on about the Geary-Khamis dollar. It actually says USD as in US Dollar. Further more you mentioned that the relationship between USD and Geary-Khamis is 1 to 1 so basically there is absolutely no difference between the 2.

If you do the maths and calculate what the USD exchange rate would have to be to get the increase listed in the pictures on the left where it says
You earn xxx% of the world's average annial wage: 19,188 USD
Click to expand...
, in order for those figures to be correct, the exchange rate would need to be R5.50/USD. If you haven't checked lately the current exchange rate is closer to R12/USD.
 
me_ said:
I don't know what you're on about. Nowhere on the slide does it go on about the Geary-Khamis dollar. It actually says USD as in US Dollar. Further more you mentioned that the relationship between USD and Geary-Khamis is 1 to 1 so basically there is absolutely no difference between the 2.

If you do the maths and calculate what the USD exchange rate would have to be to get the increase listed in the pictures on the left where it says , in order for those figures to be correct, the exchange rate would need to be R5.50/USD. If you haven't checked lately the current exchange rate is closer to R12/USD.
Click to expand...

In the footnotes, and in the country data, you will see it says PPP. Which means Geary–Khamis dollar.
The USD and Geary–Khamis dollar are kept at 1 to 1, while every other countries currencies are adjust to effect parity. Which means that the 1 USD has a equivalency rate of R5.50 against the Rand. And this is correct. Unless you want to refute the Geary–Khamis dollar...
 
JStrike said:
In the footnotes, and in the country data, you will see it says PPP. Which means Geary–Khamis dollar.
The USD and Geary–Khamis dollar are kept at 1 to 1, while every other countries currencies are adjust to effect parity. Which means that the 1 USD has a equivalency rate of R5.50 against the Rand. And this is correct. Unless you want to refute the Geary–Khamis dollar...
Click to expand...

Ah ok. Sorry, that isn't listed in the article. I saw it now when clicking on the link to the actual Global Wage Calculator.
 
whatnot said:
Despite the ppl who will soon post here that those salaries seem low, they are once again extremely far removed from the reality in SA.

This is not an opinion, it is a fact.
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+1
 
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