March Salary Increases

[KSINGH]

Hey guys,

Any idea what sort of increases are expected if one is to get an increase in March? This would be in the Consulting Engineers discipline.

Where can I find such info?

 

[blunomore]

Hmm? Is this not to be decided by your employer?

Are you referring to normal inflation related increases?

 

[syntax]

anythign between 0 and 5000%.... Its almost impossible to say since companies differ so much, there could be performance evaluations etc etc. With the way things are though, i would not budget on more than a 10%....

 

[koeks]

4-6%

 

[sox63]

With the current economic climate, people would be lucky to get anything more than an inflation linked increase.

I got a sizable one last year, but things are not looking too good for this year.

 

[KSINGH]

well its usually inflation and performance based. but surely inflation figures should be the minimum expected. from googling a bit i found 5-6%

 

[Veroland]

Don't expect more than 5 - 9%. That seems to be the norm at the moment in this crisis we are going through.

 

[Pitbull]

Yea, I also think in the region of about 5-7 %

 

[Moederloos]

5-9% is my gut too.
inflation should be around 9% in March

 

[supersunbird]

I hope I get 5%... Man, that extra few hundred bucks would be nice..

 

[KSINGH]

HTF are we supposed to live with a increase below inflation I know I should still be ok, but it must suck for the lower income earners

 

[Veroland]

5-9% is my gut too.
inflation should be around 9% in March

That is the range of the increases we have managed to negotiate with our clients on our contracts

 

[Moederloos]

HTF are we supposed to live with a increase below inflation I know I should still be ok, but it must suck for the lower income earners

The economy sux (despite what our "leaders" tell us).

Be happy you still have a job....

Anyways....
Petrol is down, rates are down (and will come down more), inflation is heading down.
If you are paying off a house, you can expect a nice reduction this year.

Assume you bought a house at R700 000. Repayments will drop from +-R9K to around R7K this year (my guess).
That is 2K a month, or on your salary (to be able to afford that house), probably R3500 in gross income.

All in all, 5% should see you well clear. 10% will be lekker.

 

[blunomore]

The economy sux (despite what our "leaders" tell us).

Be happy you still have a job....

Too true.

 

[KSINGH]

The economy sux (despite what our "leaders" tell us).

Be happy you still have a job....

Anyways....
Petrol is down, rates are down (and will come down more), inflation is heading down.
If you are paying off a house, you can expect a nice reduction this year.

Assume you bought a house at R700 000. Repayments will drop from +-R9K to around R7K this year (my guess).
That is 2K a month, or on your salary (to be able to afford that house), probably R3500 in gross income.

All in all, 5% should see you well clear. 10% will be lekker.

that should help a bit. i am hoping to get a bigger place too cos the family has just grown but with interest rates coming down it'll mean house prices going up again, its a vicious cycle

 

[Moederloos]

that should help a bit. i am hoping to get a bigger place too cos the family has just grown but with interest rates coming down it'll mean house prices going up again, its a vicious cycle

House prices will not go up that quickly.
The interest rate is not the only factor, affordability is too.
And people simple cannot AFFORD more expensive homes - they are too indebted.

Expect house prices to start rising only in the last 6 months of the year - at best.

 

[KSINGH]

I hope so dude!

 

[blunomore]

... cos the family has just grown ...

You should have done some financial planning before expanding your family!

*runs away very fast*

 

[supersunbird]

You should have done some financial planning before expanding your family!

*runs away very fast*

He was a bit distracted at first, though I don't know what he did the rest of the 9 months...

 

[Arzy]

The company I work for is budgetting an 8.5% increase, this will be applied to normal staff only though, the current consideration is not to give increases to middle management and upwards.