March Salary Increases

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KSINGH

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

Are you referring to normal inflation related increases?
 
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%....
 
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.
 
well its usually inflation and performance based. but surely inflation figures should be the minimum expected. from googling a bit i found 5-6% :(
 
HTF are we supposed to live with a increase below inflation:confused: I know I should still be ok, but it must suck for the lower income earners :eek:
 
KSINGH said:
HTF are we supposed to live with a increase below inflation:confused: I know I should still be ok, but it must suck for the lower income earners :eek:
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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.
 
Moederloos said:
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.
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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 :mad:
 
KSINGH said:
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 :mad:
Click to expand...

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.
 
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.
 
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